Everything You Need to Know About Finding Self Storage in New Hope, MN
If you're searching for self storage in New Hope, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in New Hope, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in New Hope.Self Storage and Moving in New Hope, MN
If there are many people moving to or from New Hope, 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 Hope by looking at the change in population. The New Hope metro area grew from 20,367 persons in 2010 to 20,792 persons in 2014 according to the US Census, an increase of 2.09%.Real Estate and Self Storage in New Hope, MN
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in New Hope. If there's low vacancy rates in New Hope housing, there's likely low vacancy at New Hope storage facilities. This would allow storage facilities in New Hope to charge higher prices for their units. According to US Census estimates, 93.1% of housing units in New Hope are occupied, while the vacancy rate is at 6.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in New Hope, suggesting that storage unit inventory might also be tighter in New Hope. With fewer units available, storage facilities in New Hope may charge higher prices.