Just starting your Newton 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 Newton, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Newton to help inform your Newton self storage search.
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 Newton, that could affect storage unit pricing and availability. By looking at population changes in Newton, we should be able to get an idea of how many people are moving to or from the city. The Newton metro area saw its population decline from 19,190 persons in 2010 to 19,120 persons in 2014 according to the US Census, a decrease of -0.36%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Newton. Low rates of vacancy in Newton housing could indicate that real estate is in short supply. Self storage units in Newton may then also be in short supply, which means Newton storage unit prices may be higher. Newton is estimated to have a 92.1% housing occupancy rate, while the vacancy rate is at 7.9%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Newton also have higher than average occupancy rates. High occupancy rates in Newton will make it more difficult to find a good deal on a storage unit.
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