There are a few things you should know about Oak Harbor self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Oak Harbor, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Oak Harbor.
If there are many people moving to or from Oak Harbor, 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 Oak Harbor, 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 Oak Harbor grew from 22,187 in 2010 to 22,306 in 2014, which is a rate of 0.54% growth over four years.
Vacancy and occupancy rates in the Oak Harbor housing market can help us gauge the demand for living space and thus self-storage space in Oak Harbor, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Oak Harbor, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Oak Harbor area. Oak Harbor is estimated to have a 90.8% housing occupancy rate, while the vacancy rate is at 9.2%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Oak Harbor may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Oak Harbor than in other cities.
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