Before beginning your self storage search in Nashville, there are a few things you should know. Storage unit prices and availability in Nashville are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Nashville to give you a better idea of these factors.
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 Nashville, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Nashville. From 2010 to 2014, the Nashville metro area population fell from 3,251 to 3,148, a loss of -3.17% according to the US Census.
Housing occupancy and vacancy rates in Nashville can help us get a better idea of how much demand there is for living and storage space in Nashville and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Nashville housing could indicate that real estate is in short supply. Self storage units in Nashville may then also be in short supply, which means Nashville storage unit prices may be higher. The US Census estimates that housing vacancy rates in Nashville are at 7.9%, while the occupancy rate is at 92.1%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Nashville also have higher than average occupancy rates. High occupancy rates in Nashville will make it more difficult to find a good deal on a storage unit.
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