There are a few things you should know about Laramie self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Laramie, 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 Laramie to help inform your Laramie self storage search.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Laramie, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Laramie we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Laramie grew from 30,934 in 2010 to 32,081 in 2014, which is a rate of 3.71% growth over four years.
Housing occupancy and vacancy rates in Laramie can help us get a better idea of how much demand there is for living and storage space in Laramie and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Laramie housing could indicate that real estate is in short supply. Self storage units in Laramie may then also be in short supply, which means Laramie storage unit prices may be higher. Laramie is estimated to have a 93.6% housing occupancy rate, while the vacancy rate is at 6.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Laramie may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Laramie than in other cities.
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