If you're searching for self storage in Danville, there are a few things you should keep in mind. 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.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Danville, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Danville we can get a better idea of the amount of moving activity. The Danville metro area grew from 41,995 persons in 2010 to 43,909 persons in 2014 according to the US Census, an increase of 4.56%.
Housing occupancy and vacancy rates in Danville can help us get a better idea of how much demand there is for living and storage space in Danville and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Danville housing could indicate that real estate is in short supply. Self storage units in Danville may then also be in short supply, which means Danville storage unit prices may be higher. According to US Census estimates, 96.8% of housing units in Danville are occupied, while the vacancy rate is at 3.2%. 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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