Everything You Need to Know About Finding Self Storage in Dover, NJ
If you're searching for self storage in Dover, there are a few things you should keep in mind. Storage unit prices and availability in Dover are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Dover, we pulled in data from the US Census.Self Storage and Moving in Dover, NJ
If there are many people moving to or from Dover, 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 Dover by looking at the change in population. From 2010 to 2014, the Dover metro area population grew from 18,156 to 18,313, a growth rate of 0.86% according to the US Census.The Relationship Between Real Estate and Self Storage in Dover, NJ
One way to get an idea of the demand for housing and storage space in Dover is to look at housing occupancy and vacancy rates. Low rates of vacancy in Dover housing could indicate that real estate is in short supply. Self storage units in Dover may then also be in short supply, which means Dover storage unit prices may be higher. According to US Census estimates, 96.2% of housing units in Dover are occupied, while the vacancy rate is at 3.8%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Dover, suggesting that storage unit inventory might also be tighter in Dover. With fewer units available, storage facilities in Dover may charge higher prices.