Just starting your Hudson self storage search? There are a few things you should know. Hudson storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. We used US Census data on Hudson to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Hudson, 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 Hudson by looking at the change in population. The US Census tells us that the metro area population of Hudson grew from 24,483 in 2010 to 24,775 in 2014, which is a rate of 1.19% growth over four years.
Housing occupancy and vacancy rates in Hudson can help us get a better idea of how much demand there is for living and storage space in Hudson and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Hudson housing, there's likely low vacancy at Hudson storage facilities. This would allow storage facilities in Hudson to charge higher prices for their units. Hudson is estimated to have a 95.7% housing occupancy rate, while the vacancy rate is at 4.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Hudson, suggesting that storage unit inventory might also be tighter in Hudson. With fewer units available, storage facilities in Hudson may charge higher prices.
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