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Everything You Need to Know About Finding Self Storage in Medford, MA

Just starting your Medford self storage search? There are a few things you should know. Storage unit prices and availability in Medford are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Medford to help inform your Medford self storage search.

Moving and Storage in Medford, MA

Many people use storage as part of their move, so if there are many people moving to Medford, 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 Medford. From 2010 to 2014, the Medford metro area population grew from 56,306 to 57,437, a growth rate of 2.01% according to the US Census.

The Relationship Between Real Estate and Self Storage in Medford, MA.

Vacancy and occupancy rates in the Medford housing market can help us gauge the demand for living space and thus self-storage space in Medford, and may hint at storage availability and pricing. Low rates of vacancy in Medford housing could indicate that real estate is in short supply. Self storage units in Medford may then also be in short supply, which means Medford storage unit prices may be higher. According to US Census estimates, 94.9% of housing units in Medford are occupied, while the vacancy rate is at 5.1%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Medford may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Medford than in other cities.