Finding Self Storage in Downey, CA: Top Tips
Before beginning your self storage search in Downey, there are a few things you should know. Downey storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Downey.Downey, CA Moving and Storage
If there are many people moving to or from Downey, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Downey. From 2010 to 2014, the Downey metro area population grew from 111,873 to 114,172, a growth rate of 2.06% according to the US Census.Real Estate and Self Storage in Downey, CA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Downey. High occupancy rates can indicate a lack of housing supply in Downey, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Downey area. 4.7% of housing units in Downey are vacant according to the US Census, while 95.3% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Downey may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Downey than in other cities.