Everything You Need to Know About Finding Self Storage in Oxford, MA
Just starting your Oxford self storage search? There are a few things you should know. Storage unit prices and availability in Oxford 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 Oxford.Self Storage and Moving in Oxford, MA
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 Oxford, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Oxford. According to the US Census, the Oxford metro area's population grew from 13,711 in 2010 to 13,853 in 2014, a growth rate of 1.04%.Real Estate and Self Storage in Oxford, MA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Oxford. If there's low vacancy rates in Oxford housing, there's likely low vacancy at Oxford storage facilities. This would allow storage facilities in Oxford to charge higher prices for their units. The US Census estimates that housing vacancy rates in Oxford are at 4.1%, while the occupancy rate is at 95.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Oxford, suggesting that storage unit inventory might also be tighter in Oxford. With fewer units available, storage facilities in Oxford may charge higher prices.