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Finding Self Storage in Elkton, VA: Everything You Need To Know

Before beginning your self storage search in Elkton, there are a few things you should know. The pricing and availability of storage units in Elkton will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Elkton.

Self Storage and Moving in Elkton, VA

Many people use storage as part of their move, so if there are many people moving to Elkton, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Elkton we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Elkton grew from 2,725 in 2010 to 2,790 in 2014, which is a rate of 2.39% growth over four years.

Real Estate and Self Storage in Elkton, VA

Housing occupancy and vacancy rates in Elkton can help us get a better idea of how much demand there is for living and storage space in Elkton and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Elkton are high, it's probably safe to assume that storage facility occupancy rates in Elkton are also high, which would push unit prices up. 13% of housing units in Elkton are vacant according to the US Census, while 87% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Elkton may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Elkton than in other cities.