If you're searching for self storage in Nicholasville, there are a few things you should keep in mind. The pricing and availability of storage units in Nicholasville 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Nicholasville.
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 Nicholasville, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Nicholasville by looking at the change in population. The Nicholasville metro area grew from 28,105 persons in 2010 to 29,097 persons in 2014 according to the US Census, an increase of 3.53%.
Vacancy and occupancy rates in the Nicholasville housing market can help us gauge the demand for living space and thus self-storage space in Nicholasville, and may hint at storage availability and pricing. If housing occupancy rates in Nicholasville are high, it's probably safe to assume that storage facility occupancy rates in Nicholasville are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Nicholasville are at 8%, while the occupancy rate is at 92%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Nicholasville may also be higher. That might make it harder to find cheap storage in Nicholasville.
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