Just starting your Lake Havasu City self storage search? There are a few things you should know. Lake Havasu City 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 Lake Havasu City, we pulled in data from the US Census.
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 Lake Havasu City, that could affect storage unit pricing and availability. By looking at population changes in Lake Havasu City, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Lake Havasu City grew from 52,638 in 2010 to 53,103 in 2014, which is a rate of 0.88% growth over four years.
Vacancy and occupancy rates in the Lake Havasu City housing market can help us gauge the demand for living space and thus self-storage space in Lake Havasu City, and may hint at storage availability and pricing. If there's low vacancy rates in Lake Havasu City housing, there's likely low vacancy at Lake Havasu City storage facilities. This would allow storage facilities in Lake Havasu City to charge higher prices for their units. According to US Census estimates, 71.7% of housing units in Lake Havasu City are occupied, while the vacancy rate is at 28.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lake Havasu City may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lake Havasu City than in other cities.
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