Finding Self Storage in Newton, NC: Top Tips
There are a few things you should know about Newton self storage before you begin your search. Storage unit prices and availability in Newton are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Newton to give you a better idea of these factors.Moving and Storage in Newton, NC
If there are many people moving to or from Newton, prices could be higher than in other cities. That's because self storage if often used as part of a home move. 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. From 2010 to 2014, the Newton metro area population grew from 12,968 to 13,005, a growth rate of 0.29% according to the US Census.The Real Estate Climate and Self Storage in Newton, NC
Housing occupancy and vacancy rates in Newton can help us get a better idea of how much demand there is for living and storage space in Newton and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Newton, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Newton area. 10.4% of housing units in Newton are vacant according to the US Census, while 89.6% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Newton, suggesting that storage unit inventory might also be tighter in Newton. With fewer units available, storage facilities in Newton may charge higher prices.