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Finding Self Storage in Homestead, FL: Everything You Need To Know

Just starting your Homestead 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 Homestead, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Homestead.

Moving and Storage in Homestead, FL

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 Homestead, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Homestead by looking at the change in population. The US Census tells us that the metro area population of Homestead grew from 60,823 in 2010 to 65,524 in 2014, which is a rate of 7.73% growth over four years.

Real Estate and Self Storage in Homestead, FL

One way to get an idea of the demand for housing and storage space in Homestead is to look at housing occupancy and vacancy rates. If housing occupancy rates in Homestead are high, it's probably safe to assume that storage facility occupancy rates in Homestead are also high, which would push unit prices up. Homestead is estimated to have a 81.1% housing occupancy rate, while the vacancy rate is at 18.9%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Homestead may also be higher. That might make it harder to find cheap storage in Homestead.