Finding Self Storage in Lincoln, AR: Top Tips
Before beginning your self storage search in Lincoln, there are a few things you should know. Storage unit prices and availability in Lincoln are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Lincoln to give you a better idea of these factors.Moving and Storage in Lincoln, AR
Many people use storage as part of their move, so if there are many people moving to Lincoln, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Lincoln, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Lincoln metro area population grew from 2,255 to 2,413, a growth rate of 7.01% according to the US Census.The Relationship Between Real Estate and Self Storage in Lincoln, AR
Vacancy and occupancy rates in the Lincoln housing market can help us gauge the demand for living space and thus self-storage space in Lincoln, and may hint at storage availability and pricing. If housing occupancy rates in Lincoln are high, it's probably safe to assume that storage facility occupancy rates in Lincoln are also high, which would push unit prices up. Lincoln is estimated to have a 86.5% housing occupancy rate, while the vacancy rate is at 13.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Lincoln, suggesting that storage unit inventory might also be tighter in Lincoln. With fewer units available, storage facilities in Lincoln may charge higher prices.