Just starting your Del Rey Oaks 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 Del Rey Oaks, 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. In order to give you a better idea of these factors in Del Rey Oaks, we pulled in data from the US Census.
If there are many people moving to or from Del Rey Oaks, 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 Del Rey Oaks by looking at the change in population. The US Census tells us that the metro area population of Del Rey Oaks grew from 1,628 in 2010 to 1,682 in 2014, which is a rate of 3.32% growth over four years.
One way to get an idea of the demand for housing and storage space in Del Rey Oaks is to look at housing occupancy and vacancy rates. If housing occupancy rates in Del Rey Oaks are high, it's probably safe to assume that storage facility occupancy rates in Del Rey Oaks are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Del Rey Oaks are at 5.4%, while the occupancy rate is at 94.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Del Rey Oaks may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Del Rey Oaks than in other cities.
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