Just starting your Monticello self storage search? There are a few things you should know. The pricing and availability of storage units in Monticello 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. In order to give you a better idea of these factors in Monticello, we pulled in data from the US Census.
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 Monticello, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Monticello. US Census data tells us that the Monticello metro area's population shrank from 2,506 in 2010 to 2,399 in 2014, a decline of -4.27%.
One way to get an idea of the demand for housing and storage space in Monticello is to look at housing occupancy and vacancy rates. Low rates of vacancy in Monticello housing could indicate that real estate is in short supply. Self storage units in Monticello may then also be in short supply, which means Monticello storage unit prices may be higher. The US Census estimates that housing vacancy rates in Monticello are at 15.3%, while the occupancy rate is at 84.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Monticello may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Monticello than in other cities.
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