Finding Self Storage in Hurricane, UT: Top Tips
Just starting your Hurricane self storage search? There are a few things you should know. Storage unit prices and availability in Hurricane 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 Hurricane.Self Storage and Moving in Hurricane, UT
Many people use storage as part of their move, so if there are many people moving to Hurricane, 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 Hurricane by looking at the change in population. According to the US Census, the Hurricane metro area's population grew from 13,786 in 2010 to 15,032 in 2014, a growth rate of 9.04%.The Real Estate Climate and Self Storage in Hurricane, UT
One way to get an idea of the demand for housing and storage space in Hurricane is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Hurricane, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Hurricane area. Hurricane is estimated to have a 84.4% housing occupancy rate, while the vacancy rate is at 15.6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Hurricane, suggesting that storage unit inventory might also be tighter in Hurricane. With fewer units available, storage facilities in Hurricane may charge higher prices.