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Life Storage - Hammond

306 Market Street Hammond, LA 70401 Hammond LA 70401 | 1.70 miles away

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Finding Self Storage in Hammond, LA: Everything You Need To Know

Before beginning your self storage search in Hammond, there are a few things you should know. Hammond 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 Hammond to help inform your Hammond self storage search.

Hammond, LA Self Storage and Moving

Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Hammond, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Hammond by looking at the change in population. From 2010 to 2014, the Hammond metro area population grew from 20,024 to 20,363, a growth rate of 1.69% according to the US Census.

The Real Estate Climate and Self Storage in Hammond, LA

One way to get an idea of the demand for housing and storage space in Hammond is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Hammond housing, there's likely low vacancy at Hammond storage facilities. This would allow storage facilities in Hammond to charge higher prices for their units. The US Census estimates that housing vacancy rates in Hammond are at 10.7%, while the occupancy rate is at 89.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Hammond may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Hammond than in other cities.