Before beginning your self storage search in Mount Washington, there are a few things you should know. The pricing and availability of storage units in Mount Washington 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 Mount Washington, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to Mount Washington, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Mount Washington, we should be able to get an idea of how many people are moving to or from the city. The Mount Washington metro area grew from 11,740 persons in 2010 to 12,246 persons in 2014 according to the US Census, an increase of 4.31%.
Vacancy and occupancy rates in the Mount Washington housing market can help us gauge the demand for living space and thus self-storage space in Mount Washington, and may hint at storage availability and pricing. If there's low vacancy rates in Mount Washington housing, there's likely low vacancy at Mount Washington storage facilities. This would allow storage facilities in Mount Washington to charge higher prices for their units. The US Census estimates that housing vacancy rates in Mount Washington are at 5.8%, while the occupancy rate is at 94.2%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Mount Washington may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Mount Washington than in other cities.
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