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Everything You Need to Know About Finding Self Storage in Danville, VA

Just starting your Danville self storage search? There are a few things you should know. Storage unit prices and availability in Danville 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 Danville.

Moving and Storage in Danville, VA

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 saw its population decline from 42,933 persons in 2010 to 42,444 persons in 2014 according to the US Census, a decrease of -1.14%.

Self Storage and Real Estate in Danville, VA

Vacancy and occupancy rates in the Danville housing market can help us gauge the demand for living space and thus self-storage space in Danville, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Danville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Danville area. According to US Census estimates, 83.9% of housing units in Danville are occupied, while the vacancy rate is at 16.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Danville, suggesting that storage unit inventory might also be tighter in Danville. With fewer units available, storage facilities in Danville may charge higher prices.