Before beginning your self storage search in Mitchell, there are a few things you should know. Mitchell 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Mitchell to help inform your Mitchell self storage search.
If there are many people moving to or from Mitchell, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Mitchell by looking at the change in population. The US Census tells us that the metro area population of Mitchell declined from 4,346 in 2010 to 4,284 in 2014, a loss of -1.43%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Mitchell. Low rates of vacancy in Mitchell housing could indicate that real estate is in short supply. Self storage units in Mitchell may then also be in short supply, which means Mitchell storage unit prices may be higher. According to US Census estimates, 88.7% of housing units in Mitchell are occupied, while the vacancy rate is at 11.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Mitchell, suggesting that storage unit inventory might also be tighter in Mitchell. With fewer units available, storage facilities in Mitchell may charge higher prices.
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