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Everything You Need to Know About Finding Self Storage in Hobbs, NM

There are a few things you should know about Hobbs self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Hobbs, 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 Hobbs, we pulled in data from the US Census.

Hobbs, NM Moving and Storage

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 Hobbs, that could affect storage unit pricing and availability. By looking at population changes in Hobbs, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Hobbs metro area's population grew from 34,095 in 2010 to 37,118 in 2014, a growth rate of 8.87%.

Self Storage and Real Estate in Hobbs, NM

Housing occupancy and vacancy rates in Hobbs can help us get a better idea of how much demand there is for living and storage space in Hobbs and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Hobbs are high, it's probably safe to assume that storage facility occupancy rates in Hobbs are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Hobbs are at 9.9%, while the occupancy rate is at 90.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Hobbs, suggesting that storage unit inventory might also be tighter in Hobbs. With fewer units available, storage facilities in Hobbs may charge higher prices.

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