Tips for Finding Self Storage in Holyoke, MA
Just starting your Holyoke self storage search? There are a few things you should know. The pricing and availability of storage units in Holyoke 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 Holyoke to help inform your Holyoke self storage search.Self Storage and Moving in Holyoke, MA
Many people use storage as part of their move, so if there are many people moving to Holyoke, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Holyoke by looking at the change in population. According to the US Census, the Holyoke metro area's population grew from 39,908 in 2010 to 40,124 in 2014, a growth rate of 0.54%.The Relationship Between Real Estate and Self Storage in Holyoke, MA
One way to get an idea of the demand for housing and storage space in Holyoke is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Holyoke, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Holyoke area. Holyoke is estimated to have a 93.8% housing occupancy rate, while the vacancy rate is at 6.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Holyoke, suggesting that storage unit inventory might also be tighter in Holyoke. With fewer units available, storage facilities in Holyoke may charge higher prices.