Finding Self Storage in Herndon, VA: Everything You Need To Know
If you're searching for self storage in Herndon, there are a few things you should keep in mind. Storage unit prices and availability in Herndon are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Herndon.Herndon, VA Moving and Storage
Many people use storage as part of their move, so if there are many people moving to Herndon, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Herndon. From 2010 to 2014, the Herndon metro area population grew from 23,413 to 24,554, a growth rate of 4.87% according to the US Census.Self Storage and Real Estate in Herndon, VA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Herndon. If housing occupancy rates in Herndon are high, it's probably safe to assume that storage facility occupancy rates in Herndon are also high, which would push unit prices up. Herndon is estimated to have a 95.6% housing occupancy rate, while the vacancy rate is at 4.4%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Herndon also have higher than average occupancy rates. High occupancy rates in Herndon will make it more difficult to find a good deal on a storage unit.