Everything You Need to Know About Finding Self Storage in North Little Rock, AR
Before beginning your self storage search in North Little Rock, there are a few things you should know. Storage unit prices and availability in North Little Rock are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in North Little Rock.North Little Rock, AR Moving and Storage
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 North Little Rock, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from North Little Rock by looking at the change in population. The US Census tells us that the metro area population of North Little Rock grew from 62,466 in 2010 to 66,810 in 2014, which is a rate of 6.95% growth over four years.The Relationship Between Real Estate and Self Storage in North Little Rock, AR
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in North Little Rock. Low rates of vacancy in North Little Rock housing could indicate that real estate is in short supply. Self storage units in North Little Rock may then also be in short supply, which means North Little Rock storage unit prices may be higher. According to US Census estimates, 90.1% of housing units in North Little Rock are occupied, while the vacancy rate is at 9.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in North Little Rock, suggesting that storage unit inventory might also be tighter in North Little Rock. With fewer units available, storage facilities in North Little Rock may charge higher prices.