Tips for Finding Self Storage in Lynn, MA
Before beginning your self storage search in Lynn, there are a few things you should know. Lynn 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 Lynn.Self Storage and Moving in Lynn, MA
Many people use storage as part of their move, so if there are many people moving to Lynn, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Lynn by looking at the change in population. The US Census tells us that the metro area population of Lynn grew from 90,492 in 2010 to 92,137 in 2014, which is a rate of 1.82% growth over four years.The Relationship Between Real Estate and Self Storage in Lynn, MA
One way to get an idea of the demand for housing and storage space in Lynn is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Lynn, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Lynn area. According to US Census estimates, 93.1% of housing units in Lynn are occupied, while the vacancy rate is at 6.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Lynn, suggesting that storage unit inventory might also be tighter in Lynn. With fewer units available, storage facilities in Lynn may charge higher prices.