Finding Self Storage in Longwood, FL: Top Tips
Just starting your Longwood self storage search? There are a few things you should know. Storage unit prices and availability in Longwood are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Longwood.Self Storage and Moving in Longwood, FL
If there are many people moving to or from Longwood, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Longwood we can get a better idea of the amount of moving activity. From 2010 to 2014, the Longwood metro area population grew from 13,658 to 13,877, a growth rate of 1.6% according to the US Census.The Real Estate Climate and Self Storage in Longwood, FL
One way to get an idea of the demand for housing and storage space in Longwood is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Longwood housing, there's likely low vacancy at Longwood storage facilities. This would allow storage facilities in Longwood to charge higher prices for their units. The US Census estimates that housing vacancy rates in Longwood are at 7.7%, while the occupancy rate is at 92.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Longwood may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Longwood than in other cities.