Just starting your Lockport self storage search? There are a few things you should know. Lockport 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. We used US Census data on Lockport to give you a better idea of these factors.
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 Lockport, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Lockport by looking at the change in population. The Lockport metro area grew from 24,933 persons in 2010 to 25,119 persons in 2014 according to the US Census, an increase of 0.75%.
Vacancy and occupancy rates in the Lockport housing market can help us gauge the demand for living space and thus self-storage space in Lockport, and may hint at storage availability and pricing. If there's low vacancy rates in Lockport housing, there's likely low vacancy at Lockport storage facilities. This would allow storage facilities in Lockport to charge higher prices for their units. According to US Census estimates, 95.7% of housing units in Lockport are occupied, while the vacancy rate is at 4.3%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Lockport also have higher than average occupancy rates. High occupancy rates in Lockport will make it more difficult to find a good deal on a storage unit.
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