Before beginning your self storage search in Crescent City, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Crescent City, 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. We used US Census data on Crescent City to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Crescent City, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Crescent City, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Crescent City declined from 1,574 in 2010 to 1,543 in 2014, a loss of -1.97%.
Vacancy and occupancy rates in the Crescent City housing market can help us gauge the demand for living space and thus self-storage space in Crescent City, and may hint at storage availability and pricing. If housing occupancy rates in Crescent City are high, it's probably safe to assume that storage facility occupancy rates in Crescent City are also high, which would push unit prices up. According to US Census estimates, 72.4% of housing units in Crescent City are occupied, while the vacancy rate is at 27.6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Crescent City, suggesting that storage unit inventory might also be tighter in Crescent City. With fewer units available, storage facilities in Crescent City may charge higher prices.
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