Just starting your Jupiter self storage search? There are a few things you should know. Jupiter 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. In order to give you a better idea of these factors in Jupiter, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to Jupiter, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Jupiter we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Jupiter grew from 55,446 in 2010 to 60,681 in 2014, which is a rate of 9.44% growth over four years.
Vacancy and occupancy rates in the Jupiter housing market can help us gauge the demand for living space and thus self-storage space in Jupiter, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Jupiter, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Jupiter area. 19.8% of housing units in Jupiter are vacant according to the US Census, while 80.2% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Jupiter, suggesting that storage unit inventory might also be tighter in Jupiter. With fewer units available, storage facilities in Jupiter may charge higher prices.
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