Finding Self Storage in Hope Mills, NC: Everything You Need To Know
There are a few things you should know about Hope Mills self storage before you begin your search. Storage unit prices and availability in Hope Mills 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 Hope Mills.Hope Mills, NC Self Storage and Moving
Many people use storage as part of their move, so if there are many people moving to Hope Mills, 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 Hope Mills by looking at the change in population. The US Census tells us that the metro area population of Hope Mills grew from 15,661 in 2010 to 16,301 in 2014, which is a rate of 4.09% growth over four years.Real Estate and Self Storage in Hope Mills, NC
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Hope Mills. Low rates of vacancy in Hope Mills housing could indicate that real estate is in short supply. Self storage units in Hope Mills may then also be in short supply, which means Hope Mills storage unit prices may be higher. The US Census estimates that housing vacancy rates in Hope Mills are at 7.1%, while the occupancy rate is at 92.9%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Hope Mills may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Hope Mills than in other cities.