Just starting your Oroville self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Oroville, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Oroville to help inform your Oroville 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 Oroville, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Oroville. The Oroville metro area grew from 15,949 persons in 2010 to 16,220 persons in 2014 according to the US Census, an increase of 1.7%.
One way to get an idea of the demand for housing and storage space in Oroville is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Oroville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Oroville area. The US Census estimates that housing vacancy rates in Oroville are at 8.8%, while the occupancy rate is at 91.2%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Oroville may also be higher. That might make it harder to find cheap storage in Oroville.
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