Finding Self Storage in Elk Grove, CA: Everything You Need To Know
There are a few things you should know about Elk Grove self storage before you begin your search. Storage unit prices and availability in Elk Grove are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Elk Grove to help inform your Elk Grove self storage search.Self Storage and Moving in Elk Grove, CA
If there are many people moving to or from Elk Grove, 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 Elk Grove by looking at the change in population. According to the US Census, the Elk Grove metro area's population grew from 153,444 in 2010 to 163,553 in 2014, a growth rate of 6.59%.The Real Estate Climate and Self Storage in Elk Grove, CA
One way to get an idea of the demand for housing and storage space in Elk Grove is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Elk Grove, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Elk Grove area. The US Census estimates that housing vacancy rates in Elk Grove are at 5.3%, while the occupancy rate is at 94.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Elk Grove, suggesting that storage unit inventory might also be tighter in Elk Grove. With fewer units available, storage facilities in Elk Grove may charge higher prices.