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Everything You Need to Know About Finding Self Storage in New Market, MD

Just starting your New Market self storage search? There are a few things you should know. The pricing and availability of storage units in New Market 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in New Market.

Moving and Storage in New Market, MD

One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from New Market, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in New Market. According to the US Census, the New Market metro area's population grew from 668 in 2010 to 693 in 2014, a growth rate of 3.74%.

Self Storage and Real Estate in New Market, MD

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in New Market. Low rates of vacancy in New Market housing could indicate that real estate is in short supply. Self storage units in New Market may then also be in short supply, which means New Market storage unit prices may be higher. New Market is estimated to have a 93.5% housing occupancy rate, while the vacancy rate is at 6.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in New Market, suggesting that storage unit inventory might also be tighter in New Market. With fewer units available, storage facilities in New Market may charge higher prices.