Tips for Finding Self Storage in Louisville, CO
Just starting your Louisville self storage search? There are a few things you should know. Louisville 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Louisville.Self Storage and Moving in Louisville, CO
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 Louisville, 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 Louisville by looking at the change in population. According to the US Census, the Louisville metro area's population grew from 18,431 in 2010 to 20,112 in 2014, a growth rate of 9.12%.The Relationship Between Real Estate and Self Storage in Louisville, CO
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Louisville. Low rates of vacancy in Louisville housing could indicate that real estate is in short supply. Self storage units in Louisville may then also be in short supply, which means Louisville storage unit prices may be higher. According to US Census estimates, 95.5% of housing units in Louisville are occupied, while the vacancy rate is at 4.5%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Louisville also have higher than average occupancy rates. High occupancy rates in Louisville will make it more difficult to find a good deal on a storage unit.