Just starting your Columbia self storage search? There are a few things you should know. Columbia storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. In order to give you a better idea of these factors in Columbia, we pulled in data from the US Census.
If there are many people moving to or from Columbia, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Columbia we can get a better idea of the amount of moving activity. The Columbia metro area grew from 109,219 persons in 2010 to 116,906 persons in 2014 according to the US Census, an increase of 7.04%.
Housing occupancy and vacancy rates in Columbia can help us get a better idea of how much demand there is for living and storage space in Columbia and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Columbia are high, it's probably safe to assume that storage facility occupancy rates in Columbia are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Columbia are at 7.9%, while the occupancy rate is at 92.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Columbia, suggesting that storage unit inventory might also be tighter in Columbia. With fewer units available, storage facilities in Columbia may charge higher prices.
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