Just starting your Danville 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 Danville, 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 Danville.
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 Danville, prices could be higher and availability lower. By looking at population changes in Danville, we should be able to get an idea of how many people are moving to or from the city. The Danville metro area saw its population decline from 2,412 persons in 2010 to 2,377 persons in 2014 according to the US Census, a decrease of -1.45%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Danville. If there's low vacancy rates in Danville housing, there's likely low vacancy at Danville storage facilities. This would allow storage facilities in Danville to charge higher prices for their units. Danville is estimated to have a 85.1% housing occupancy rate, while the vacancy rate is at 14.9%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Danville also have higher than average occupancy rates. High occupancy rates in Danville will make it more difficult to find a good deal on a storage unit.
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