Before beginning your self storage search in Northfield, there are a few things you should know. The pricing and availability of storage units in Northfield 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 Northfield.
If there are many people moving to or from Northfield, 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 Northfield, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Northfield grew from 5,426 in 2010 to 5,483 in 2014, which is a rate of 1.05% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Northfield. If there's low vacancy rates in Northfield housing, there's likely low vacancy at Northfield storage facilities. This would allow storage facilities in Northfield to charge higher prices for their units. Northfield is estimated to have a 92% housing occupancy rate, while the vacancy rate is at 8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Northfield may also be higher. That might make it harder to find cheap storage in Northfield.
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