Before beginning your self storage search in New Palestine, there are a few things you should know. Storage unit prices and availability in New Palestine 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 Palestine, we pulled in data from the US Census.
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 Palestine, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in New Palestine. The US Census tells us that the metro area population of New Palestine grew from 2,075 in 2010 to 2,105 in 2014, which is a rate of 1.45% growth over four years.
Housing occupancy and vacancy rates in New Palestine can help us get a better idea of how much demand there is for living and storage space in New Palestine and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in New Palestine are high, it's probably safe to assume that storage facility occupancy rates in New Palestine are also high, which would push unit prices up. According to US Census estimates, 94.4% of housing units in New Palestine are occupied, while the vacancy rate is at 5.6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in New Palestine, suggesting that storage unit inventory might also be tighter in New Palestine. With fewer units available, storage facilities in New Palestine may charge higher prices.
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