There are a few things you should know about Newburgh self storage before you begin your search. The pricing and availability of storage units in Newburgh 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. In order to give you a better idea of these factors in Newburgh, 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 Newburgh, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Newburgh we can get a better idea of the amount of moving activity. From 2010 to 2014, the Newburgh metro area population fell from 3,330 to 3,278, a loss of -1.56% according to the US Census.
Vacancy and occupancy rates in the Newburgh housing market can help us gauge the demand for living space and thus self-storage space in Newburgh, and may hint at storage availability and pricing. If there's low vacancy rates in Newburgh housing, there's likely low vacancy at Newburgh storage facilities. This would allow storage facilities in Newburgh to charge higher prices for their units. The US Census estimates that housing vacancy rates in Newburgh are at 8.2%, while the occupancy rate is at 91.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Newburgh also have higher than average occupancy rates. High occupancy rates in Newburgh will make it more difficult to find a good deal on a storage unit.
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