There are a few things you should know about Idaho Falls self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Idaho Falls, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Idaho Falls to help inform your Idaho Falls self storage search.
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 Idaho Falls, 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 Idaho Falls by looking at the change in population. According to the US Census, the Idaho Falls metro area's population grew from 57,047 in 2010 to 58,691 in 2014, a growth rate of 2.88%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Idaho Falls. Low rates of vacancy in Idaho Falls housing could indicate that real estate is in short supply. Self storage units in Idaho Falls may then also be in short supply, which means Idaho Falls storage unit prices may be higher. According to US Census estimates, 92.3% of housing units in Idaho Falls are occupied, while the vacancy rate is at 7.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Idaho Falls may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Idaho Falls than in other cities.
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