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Before beginning your self storage search in Monmouth Junction, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Monmouth Junction, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Monmouth Junction.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Monmouth Junction. If housing occupancy rates in Monmouth Junction are high, it's probably safe to assume that storage facility occupancy rates in Monmouth Junction are also high, which would push unit prices up. Monmouth Junction is estimated to have a 98.3% housing occupancy rate, while the vacancy rate is at 1.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Monmouth Junction may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Monmouth Junction than in other cities.
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