Everything You Need to Know About Finding Self Storage in Newport News, VA
Just starting your Newport News 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 Newport News, 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 Newport News, we pulled in data from the US Census.Self Storage and Moving in Newport News, VA
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Newport News, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Newport News we can get a better idea of the amount of moving activity. The Newport News metro area grew from 180,989 persons in 2010 to 182,965 persons in 2014 according to the US Census, an increase of 1.09%.The Relationship Between Real Estate and Self Storage in Newport News, VA
Vacancy and occupancy rates in the Newport News housing market can help us gauge the demand for living space and thus self-storage space in Newport News, and may hint at storage availability and pricing. If housing occupancy rates in Newport News are high, it's probably safe to assume that storage facility occupancy rates in Newport News are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Newport News are at 7.3%, while the occupancy rate is at 92.7%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Newport News also have higher than average occupancy rates. High occupancy rates in Newport News will make it more difficult to find a good deal on a storage unit.