There are a few things you should know about Lawrence self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Lawrence, 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 Lawrence to help inform your Lawrence 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 Lawrence, 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 Lawrence by looking at the change in population. According to the US Census, the Lawrence metro area's population grew from 88,037 in 2010 to 92,763 in 2014, a growth rate of 5.37%.
One way to get an idea of the demand for housing and storage space in Lawrence is to look at housing occupancy and vacancy rates. If housing occupancy rates in Lawrence are high, it's probably safe to assume that storage facility occupancy rates in Lawrence are also high, which would push unit prices up. According to US Census estimates, 93.2% of housing units in Lawrence are occupied, while the vacancy rate is at 6.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Lawrence may also be higher. That might make it harder to find cheap storage in Lawrence.
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