Just starting your Hereford self storage search? There are a few things you should know. The pricing and availability of storage units in Hereford will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Hereford to help inform your Hereford self storage search.
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 Hereford, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Hereford we can get a better idea of the amount of moving activity. US Census data tells us that the Hereford metro area's population shrank from 15,423 in 2010 to 15,216 in 2014, a decline of -1.34%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Hereford. If there's low vacancy rates in Hereford housing, there's likely low vacancy at Hereford storage facilities. This would allow storage facilities in Hereford to charge higher prices for their units. 7.8% of housing units in Hereford are vacant according to the US Census, while 92.2% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Hereford also have higher than average occupancy rates. High occupancy rates in Hereford will make it more difficult to find a good deal on a storage unit.
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