Just starting your Harbor Springs 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 Harbor Springs, 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. We used US Census data on Harbor Springs to give you a better idea of these factors.
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 Harbor Springs, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Harbor Springs we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Harbor Springs grew from 1,193 in 2010 to 1,205 in 2014, which is a rate of 1.01% growth over four years.
Vacancy and occupancy rates in the Harbor Springs housing market can help us gauge the demand for living space and thus self-storage space in Harbor Springs, and may hint at storage availability and pricing. Low rates of vacancy in Harbor Springs housing could indicate that real estate is in short supply. Self storage units in Harbor Springs may then also be in short supply, which means Harbor Springs storage unit prices may be higher. 50.3% of housing units in Harbor Springs are vacant according to the US Census, while 49.7% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Harbor Springs, suggesting that storage unit inventory might also be tighter in Harbor Springs. With fewer units available, storage facilities in Harbor Springs may charge higher prices.
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