Before beginning your self storage search in Merced, there are a few things you should know. The pricing and availability of storage units in Merced 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. We used US Census data on Merced to give you a better idea of these factors.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Merced, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Merced. From 2010 to 2014, the Merced metro area population grew from 79,132 to 81,743, a growth rate of 3.3% according to the US Census.
One way to get an idea of the demand for housing and storage space in Merced is to look at housing occupancy and vacancy rates. Low rates of vacancy in Merced housing could indicate that real estate is in short supply. Self storage units in Merced may then also be in short supply, which means Merced storage unit prices may be higher. Merced is estimated to have a 90.7% housing occupancy rate, while the vacancy rate is at 9.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Merced, suggesting that storage unit inventory might also be tighter in Merced. With fewer units available, storage facilities in Merced may charge higher prices.
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