Just starting your North Vernon self storage search? There are a few things you should know. The pricing and availability of storage units in North Vernon 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on North Vernon to help inform your North Vernon 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 North Vernon, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in North Vernon. US Census data tells us that the North Vernon metro area's population shrank from 6,717 in 2010 to 6,636 in 2014, a decline of -1.21%.
Vacancy and occupancy rates in the North Vernon housing market can help us gauge the demand for living space and thus self-storage space in North Vernon, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in North Vernon, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the North Vernon area. The US Census estimates that housing vacancy rates in North Vernon are at 9.9%, while the occupancy rate is at 90.1%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in North Vernon also have higher than average occupancy rates. High occupancy rates in North Vernon will make it more difficult to find a good deal on a storage unit.
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