Everything You Need to Know About Finding Self Storage in Newmarket, NH
There are a few things you should know about Newmarket self storage before you begin your search. Storage unit prices and availability in Newmarket 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 Newmarket, we pulled in data from the US Census.Newmarket, NH Self Storage and Moving
If there are many people moving to or from Newmarket, 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 Newmarket. From 2010 to 2014, the Newmarket metro area population grew from 8,930 to 8,938, a growth rate of 0.09% according to the US Census.The Relationship Between Real Estate and Self Storage in Newmarket, NH
Vacancy and occupancy rates in the Newmarket housing market can help us gauge the demand for living space and thus self-storage space in Newmarket, and may hint at storage availability and pricing. Low rates of vacancy in Newmarket housing could indicate that real estate is in short supply. Self storage units in Newmarket may then also be in short supply, which means Newmarket storage unit prices may be higher. According to US Census estimates, 92.5% of housing units in Newmarket are occupied, while the vacancy rate is at 7.5%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Newmarket also have higher than average occupancy rates. High occupancy rates in Newmarket will make it more difficult to find a good deal on a storage unit.