Finding Self Storage in Ogden, UT: Everything You Need To Know
If you're searching for self storage in Ogden, there are a few things you should keep in mind. Storage unit prices and availability in Ogden 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 Ogden.Self Storage and Moving in Ogden, UT
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 Ogden, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Ogden. The US Census tells us that the metro area population of Ogden grew from 83,026 in 2010 to 84,316 in 2014, which is a rate of 1.55% growth over four years.The Real Estate Climate and Self Storage in Ogden, UT
In Ogden, like any city, the real estate climate can affect the prices and availability at storage facilties in a number of ways, one of those being the cost of housing. That means that looking into US Census data on Ogden home values and rents can help us get an idea of storage pricing. The median home value in Ogden is $197,700 according to the US Census. That's lower than average for the top 100 US metros. Between 2009 and 2013 the median home value in Ogden grew by 4.05%. Housing in Ogden is more affordable than most other cities, with the median income making up 31.55% of the median home value. 75% of homes in Ogden are owner occupied, a higher rate than comparable cities.
Median rent is $817 in Ogden according to the US Census, a lower rate than other sizeable US cities. Between 2005 and 2013, the median rent in Ogden grew by 10.55%, a higher rate than comparable cities. In terms of rent affordability, the yearly median rent in Ogden would consume 16% of the median income. This makes Ogden more affordable than similar cities. 24% of Ogden housing stock is renter occupied, a lower percentage than other large US cities.
Cities where homes tend to be smaller may have a greater need for extra storage space. Homes in Ogden have a median number of 7.5 rooms, which is higher than the average for large US metros. The median price per room in Ogden is $26,360, which is lower than average among the top US metro areas.
Housing occupancy and vacancy rates in Ogden can help us get a better idea of how much demand there is for living and storage space in Ogden and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Ogden housing could indicate that real estate is in short supply. Self storage units in Ogden may then also be in short supply, which means Ogden storage unit prices may be higher. According to US Census estimates, 91.2% of housing units in Ogden are occupied, while the vacancy rate is at 8.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Ogden may also be higher. That might make it harder to find cheap storage in Ogden.Ogden, UT Self Storage Prices and Economics
The local economy will also have an effect on self storage prices. Wealthier cities will likely have higher storage unit prices than cities where incomes are generally lower, so it may be useful to look at these numbers for Ogden, particularly if you're moving in from another city. According to the most recent US Census data, median income in Ogden is $62,378, which is higher than the average for the top 100 US metro areas. Between 2009 and 2013, median income in Ogden grew by 4.02%. 3.2% of residents in Ogden make over $200k in income a year, a lower rate than in other big cities. Ogden's GDP as of 2013 was $22,276,000,000, which gives it a GDP per capita of $35,800. That's a lower GDP per capita than the average for comparable cities. More educated cities are often wealthier cities. 27% of Ogden residents over the age of 18 have a high school diploma, 17% have a college degree, and 7% have a graduate or professional degree.