Before beginning your self storage search in Compton, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Compton, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. In order to give you a better idea of these factors in Compton, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to Compton, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Compton, we should be able to get an idea of how many people are moving to or from the city. The Compton metro area grew from 96,515 persons in 2010 to 98,597 persons in 2014 according to the US Census, an increase of 2.16%.
Housing occupancy and vacancy rates in Compton can help us get a better idea of how much demand there is for living and storage space in Compton and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Compton housing could indicate that real estate is in short supply. Self storage units in Compton may then also be in short supply, which means Compton storage unit prices may be higher. Compton is estimated to have a 94% housing occupancy rate, while the vacancy rate is at 6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Compton also have higher than average occupancy rates. High occupancy rates in Compton will make it more difficult to find a good deal on a storage unit.
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