Just starting your Marengo self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Marengo, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. We used US Census data on Marengo to give you a better idea of these factors.
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 Marengo, prices could be higher and availability lower. By looking at population changes in Marengo, we should be able to get an idea of how many people are moving to or from the city. The Marengo metro area saw its population decline from 7,655 persons in 2010 to 7,508 persons in 2014 according to the US Census, a decrease of -1.92%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Marengo. If there's low vacancy rates in Marengo housing, there's likely low vacancy at Marengo storage facilities. This would allow storage facilities in Marengo to charge higher prices for their units. The US Census estimates that housing vacancy rates in Marengo are at 8.6%, while the occupancy rate is at 91.4%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Marengo also have higher than average occupancy rates. High occupancy rates in Marengo will make it more difficult to find a good deal on a storage unit.
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