Everything You Need to Know About Finding Self Storage in New Milford, CT
Just starting your New Milford self storage search? There are a few things you should know. Storage unit prices and availability in New Milford 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 New Milford to give you a better idea of these factors.New Milford, CT Moving and Storage
If there are many people moving to or from New Milford, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in New Milford, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of New Milford declined from 28,112 in 2010 to 27,474 in 2014, a loss of -2.27%.The Relationship Between Real Estate and Self Storage in New Milford, CT
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in New Milford. If housing occupancy rates in New Milford are high, it's probably safe to assume that storage facility occupancy rates in New Milford are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in New Milford are at 9.7%, while the occupancy rate is at 90.3%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in New Milford also have higher than average occupancy rates. High occupancy rates in New Milford will make it more difficult to find a good deal on a storage unit.