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Tips for Finding Self Storage in Covington, LA

Before beginning your self storage search in Covington, there are a few things you should know. The pricing and availability of storage units in Covington 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Covington.

Covington, LA Moving and Storage

One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Covington, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Covington by looking at the change in population. The Covington metro area grew from 8,799 persons in 2010 to 9,686 persons in 2014 according to the US Census, an increase of 10.08%.

The Relationship Between Real Estate and Self Storage in Covington, LA.

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Covington. If housing occupancy rates in Covington are high, it's probably safe to assume that storage facility occupancy rates in Covington are also high, which would push unit prices up. Covington is estimated to have a 89.9% housing occupancy rate, while the vacancy rate is at 10.1%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Covington may also be higher. That might make it harder to find cheap storage in Covington.