Everything You Need to Know About Finding Self Storage in Erie, CO
Just starting your Erie 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 Erie, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Erie.Erie, CO Self Storage and Moving
If there are many people moving to or from Erie, 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 Erie by looking at the change in population. According to the US Census, the Erie metro area's population grew from 18,249 in 2010 to 20,493 in 2014, a growth rate of 12.3%.The Relationship Between Real Estate and Self Storage in Erie, CO
One way to get an idea of the demand for housing and storage space in Erie is to look at housing occupancy and vacancy rates. If housing occupancy rates in Erie are high, it's probably safe to assume that storage facility occupancy rates in Erie are also high, which would push unit prices up. 4.3% of housing units in Erie are vacant according to the US Census, while 95.7% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Erie, suggesting that storage unit inventory might also be tighter in Erie. With fewer units available, storage facilities in Erie may charge higher prices.