Just starting your Highland 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 Highland, 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. In order to give you a better idea of these factors in Highland, we pulled in data from the US Census.
If there are many people moving to or from Highland, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Highland. The Highland metro area saw its population decline from 9,951 persons in 2010 to 9,894 persons in 2014 according to the US Census, a decrease of -0.57%.
Housing occupancy and vacancy rates in Highland can help us get a better idea of how much demand there is for living and storage space in Highland and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Highland housing, there's likely low vacancy at Highland storage facilities. This would allow storage facilities in Highland to charge higher prices for their units. Highland is estimated to have a 93.7% housing occupancy rate, while the vacancy rate is at 6.3%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Highland also have higher than average occupancy rates. High occupancy rates in Highland will make it more difficult to find a good deal on a storage unit.
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