Finding Self Storage in New Albany, IN: Everything You Need To Know
Just starting your New Albany self storage search? There are a few things you should know. Storage unit prices and availability in New Albany are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in New Albany, we pulled in data from the US Census.Moving and Storage in New Albany, IN
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 New Albany, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in New Albany. The US Census tells us that the metro area population of New Albany grew from 36,352 in 2010 to 36,589 in 2014, which is a rate of 0.65% growth over four years.The Real Estate Climate and Self Storage in New Albany, IN
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in New Albany. If housing occupancy rates in New Albany are high, it's probably safe to assume that storage facility occupancy rates in New Albany are also high, which would push unit prices up. 10% of housing units in New Albany are vacant according to the US Census, while 90% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in New Albany may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in New Albany than in other cities.