Before beginning your self storage search in Leesburg, there are a few things you should know. The pricing and availability of storage units in Leesburg will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Leesburg.
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 Leesburg, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Leesburg we can get a better idea of the amount of moving activity. The Leesburg metro area grew from 2,904 persons in 2010 to 2,982 persons in 2014 according to the US Census, an increase of 2.69%.
Vacancy and occupancy rates in the Leesburg housing market can help us gauge the demand for living space and thus self-storage space in Leesburg, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Leesburg, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Leesburg area. According to US Census estimates, 94.9% of housing units in Leesburg are occupied, while the vacancy rate is at 5.1%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Leesburg may also be higher. That might make it harder to find cheap storage in Leesburg.
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