Finding Self Storage in Lynnfield, MA: Everything You Need To Know
If you're searching for self storage in Lynnfield, there are a few things you should keep in mind. Lynnfield 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 Lynnfield.Moving and Storage in Lynnfield, MA
Many people use storage as part of their move, so if there are many people moving to Lynnfield, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Lynnfield. From 2010 to 2014, the Lynnfield metro area population grew from 11,621 to 12,668, a growth rate of 9.01% according to the US Census.Self Storage and Real Estate in Lynnfield, MA
Vacancy and occupancy rates in the Lynnfield housing market can help us gauge the demand for living space and thus self-storage space in Lynnfield, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Lynnfield, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Lynnfield area. The US Census estimates that housing vacancy rates in Lynnfield are at 4%, while the occupancy rate is at 96%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Lynnfield, suggesting that storage unit inventory might also be tighter in Lynnfield. With fewer units available, storage facilities in Lynnfield may charge higher prices.