There are a few things you should know about Frederick self storage before you begin your search. Frederick 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Frederick.
Many people use storage as part of their move, so if there are many people moving to Frederick, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Frederick by looking at the change in population. The US Census tells us that the metro area population of Frederick grew from 8,720 in 2010 to 10,927 in 2014, which is a rate of 25.31% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Frederick. If there's low vacancy rates in Frederick housing, there's likely low vacancy at Frederick storage facilities. This would allow storage facilities in Frederick to charge higher prices for their units. According to US Census estimates, 96.1% of housing units in Frederick are occupied, while the vacancy rate is at 3.9%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Frederick also have higher than average occupancy rates. High occupancy rates in Frederick will make it more difficult to find a good deal on a storage unit.
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