Just starting your Crystal River self storage search? There are a few things you should know. Storage unit prices and availability in Crystal River are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Crystal River.
If there are many people moving to or from Crystal River, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Crystal River by looking at the change in population. US Census data tells us that the Crystal River metro area's population shrank from 3,097 in 2010 to 3,054 in 2014, a decline of -1.39%.
Vacancy and occupancy rates in the Crystal River housing market can help us gauge the demand for living space and thus self-storage space in Crystal River, and may hint at storage availability and pricing. If there's low vacancy rates in Crystal River housing, there's likely low vacancy at Crystal River storage facilities. This would allow storage facilities in Crystal River to charge higher prices for their units. The US Census estimates that housing vacancy rates in Crystal River are at 31.2%, while the occupancy rate is at 68.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Crystal River may also be higher. That might make it harder to find cheap storage in Crystal River.
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