Just starting your Osgood 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 Osgood, 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. We used US Census data on Osgood to give you a better idea of these factors.
If there are many people moving to or from Osgood, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Osgood by looking at the change in population. US Census data tells us that the Osgood metro area's population shrank from 1,623 in 2010 to 1,601 in 2014, a decline of -1.36%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Osgood. Low rates of vacancy in Osgood housing could indicate that real estate is in short supply. Self storage units in Osgood may then also be in short supply, which means Osgood storage unit prices may be higher. Osgood is estimated to have a 87.6% housing occupancy rate, while the vacancy rate is at 12.4%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Osgood, suggesting that storage unit inventory might also be tighter in Osgood. With fewer units available, storage facilities in Osgood may charge higher prices.
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