Finding Self Storage in Lowell, MA: Everything You Need To Know
There are a few things you should know about Lowell self storage before you begin your search. The pricing and availability of storage units in Lowell 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Lowell to help inform your Lowell self storage search.Self Storage and Moving in Lowell, MA
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 Lowell, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Lowell. The Lowell metro area grew from 106,659 persons in 2010 to 109,945 persons in 2014 according to the US Census, an increase of 3.08%.The Relationship Between Real Estate and Self Storage in Lowell, MA
Vacancy and occupancy rates in the Lowell housing market can help us gauge the demand for living space and thus self-storage space in Lowell, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Lowell, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Lowell area. 7.1% of housing units in Lowell are vacant according to the US Census, while 92.9% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Lowell may also be higher. That might make it harder to find cheap storage in Lowell.