Just starting your Conway self storage search? There are a few things you should know. The pricing and availability of storage units in Conway will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Conway to help inform your Conway self storage search.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Conway, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Conway we can get a better idea of the amount of moving activity. According to the US Census, the Conway metro area's population grew from 17,395 in 2010 to 20,175 in 2014, a growth rate of 15.98%.
Housing occupancy and vacancy rates in Conway can help us get a better idea of how much demand there is for living and storage space in Conway and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Conway housing, there's likely low vacancy at Conway storage facilities. This would allow storage facilities in Conway to charge higher prices for their units. The US Census estimates that housing vacancy rates in Conway are at 14.1%, while the occupancy rate is at 85.9%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Conway may also be higher. That might make it harder to find cheap storage in Conway.
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