Everything You Need to Know About Finding Self Storage in Owego, NY
There are a few things you should know about Owego self storage before you begin your search. The pricing and availability of storage units in Owego 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. In order to give you a better idea of these factors in Owego, we pulled in data from the US Census.Self Storage and Moving in Owego, NY
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 Owego, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Owego by looking at the change in population. The US Census tells us that the metro area population of Owego declined from 3,889 in 2010 to 3,774 in 2014, a loss of -2.96%.Real Estate and Self Storage in Owego, NY
Vacancy and occupancy rates in the Owego housing market can help us gauge the demand for living space and thus self-storage space in Owego, and may hint at storage availability and pricing. If there's low vacancy rates in Owego housing, there's likely low vacancy at Owego storage facilities. This would allow storage facilities in Owego to charge higher prices for their units. The US Census estimates that housing vacancy rates in Owego are at 10.4%, while the occupancy rate is at 89.6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Owego also have higher than average occupancy rates. High occupancy rates in Owego will make it more difficult to find a good deal on a storage unit.