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Everything You Need to Know About Finding Self Storage in Danvers, MA

Just starting your Danvers self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Danvers, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Danvers.

Danvers, MA Moving and Storage

If there are many people moving to or from Danvers, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Danvers. According to the US Census, the Danvers metro area's population grew from 26,526 in 2010 to 27,460 in 2014, a growth rate of 3.52%.

The Real Estate Climate and Self Storage in Danvers, MA

Vacancy and occupancy rates in the Danvers housing market can help us gauge the demand for living space and thus self-storage space in Danvers, and may hint at storage availability and pricing. Low rates of vacancy in Danvers housing could indicate that real estate is in short supply. Self storage units in Danvers may then also be in short supply, which means Danvers storage unit prices may be higher. Danvers is estimated to have a 95.3% housing occupancy rate, while the vacancy rate is at 4.7%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Danvers also have higher than average occupancy rates. High occupancy rates in Danvers will make it more difficult to find a good deal on a storage unit.