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Finding Self Storage in Elon, NC: Top Tips

If you're searching for self storage in Elon, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Elon, 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. In order to give you a better idea of these factors in Elon, we pulled in data from the US Census.

Elon, NC Self Storage and Moving

If there are many people moving to or from Elon, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Elon we can get a better idea of the amount of moving activity. From 2010 to 2014, the Elon metro area population grew from 9,419 to 9,630, a growth rate of 2.24% according to the US Census.

The Real Estate Climate and Self Storage in Elon, NC

Housing occupancy and vacancy rates in Elon can help us get a better idea of how much demand there is for living and storage space in Elon and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Elon, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Elon area. Elon is estimated to have a 91.2% housing occupancy rate, while the vacancy rate is at 8.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Elon may also be higher. That might make it harder to find cheap storage in Elon.