If you're searching for self storage in Greenwood, 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 Greenwood, 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 Greenwood.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Greenwood, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Greenwood by looking at the change in population. According to the US Census, the Greenwood metro area's population grew from 977 in 2010 to 1,045 in 2014, a growth rate of 6.96%.
Housing occupancy and vacancy rates in Greenwood can help us get a better idea of how much demand there is for living and storage space in Greenwood and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Greenwood housing could indicate that real estate is in short supply. Self storage units in Greenwood may then also be in short supply, which means Greenwood storage unit prices may be higher. The US Census estimates that housing vacancy rates in Greenwood are at 12.7%, while the occupancy rate is at 87.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Greenwood, suggesting that storage unit inventory might also be tighter in Greenwood. With fewer units available, storage facilities in Greenwood may charge higher prices.
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