Finding Self Storage in Newaygo, MI: Top Tips
Just starting your Newaygo self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Newaygo, 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. In order to give you a better idea of these factors in Newaygo, we pulled in data from the US Census.Self Storage and Moving in Newaygo, MI
If there are many people moving to or from Newaygo, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Newaygo. The US Census tells us that the metro area population of Newaygo declined from 1,985 in 2010 to 1,958 in 2014, a loss of -1.36%.The Relationship Between Real Estate and Self Storage in Newaygo, MI
One way to get an idea of the demand for housing and storage space in Newaygo is to look at housing occupancy and vacancy rates. If housing occupancy rates in Newaygo are high, it's probably safe to assume that storage facility occupancy rates in Newaygo are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Newaygo are at 11.9%, while the occupancy rate is at 88.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Newaygo, suggesting that storage unit inventory might also be tighter in Newaygo. With fewer units available, storage facilities in Newaygo may charge higher prices.