Tips for Finding Self Storage in New Castle, DE
There are a few things you should know about New Castle self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in New Castle, 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. We used US Census data on New Castle to give you a better idea of these factors.New Castle, DE Moving and Storage
If there are many people moving to or from New Castle, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from New Castle by looking at the change in population. The New Castle metro area grew from 5,329 persons in 2010 to 5,379 persons in 2014 according to the US Census, an increase of 0.94%.Self Storage and Real Estate in New Castle, DE
One way to get an idea of the demand for housing and storage space in New Castle is to look at housing occupancy and vacancy rates. If housing occupancy rates in New Castle are high, it's probably safe to assume that storage facility occupancy rates in New Castle are also high, which would push unit prices up. According to US Census estimates, 93.4% of housing units in New Castle are occupied, while the vacancy rate is at 6.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in New Castle 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 Castle than in other cities.