Before beginning your self storage search in Merritt Island, there are a few things you should know. Merritt Island 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 Merritt Island.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Merritt Island. Low rates of vacancy in Merritt Island housing could indicate that real estate is in short supply. Self storage units in Merritt Island may then also be in short supply, which means Merritt Island storage unit prices may be higher. 13.4% of housing units in Merritt Island are vacant according to the US Census, while 86.6% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Merritt Island, suggesting that storage unit inventory might also be tighter in Merritt Island. With fewer units available, storage facilities in Merritt Island may charge higher prices.
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