Everything You Need to Know About Finding Self Storage in Elko, NV
Just starting your Elko 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 Elko, 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. We used US Census data on Elko to give you a better idea of these factors.Moving and Storage in Elko, NV
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Elko, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Elko. The US Census tells us that the metro area population of Elko grew from 18,366 in 2010 to 20,300 in 2014, which is a rate of 10.53% growth over four years.Real Estate and Self Storage in Elko, NV
Vacancy and occupancy rates in the Elko housing market can help us gauge the demand for living space and thus self-storage space in Elko, and may hint at storage availability and pricing. If housing occupancy rates in Elko are high, it's probably safe to assume that storage facility occupancy rates in Elko are also high, which would push unit prices up. According to US Census estimates, 93.4% of housing units in Elko are occupied, while the vacancy rate is at 6.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Elko may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Elko than in other cities.