There are a few things you should know about Foster City self storage before you begin your search. Foster City storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Foster City to help inform your Foster City self storage search.
If there are many people moving to or from Foster City, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Foster City, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Foster City metro area's population grew from 30,620 in 2010 to 32,754 in 2014, a growth rate of 6.97%.
Housing occupancy and vacancy rates in Foster City can help us get a better idea of how much demand there is for living and storage space in Foster City and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Foster City housing could indicate that real estate is in short supply. Self storage units in Foster City may then also be in short supply, which means Foster City storage unit prices may be higher. According to US Census estimates, 96.5% of housing units in Foster City are occupied, while the vacancy rate is at 3.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Foster City, suggesting that storage unit inventory might also be tighter in Foster City. With fewer units available, storage facilities in Foster City may charge higher prices.
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