There are a few things you should know about Palatka self storage before you begin your search. Palatka storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Palatka to help inform your Palatka self storage search.
If there are many people moving to or from Palatka, 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 Palatka by looking at the change in population. The US Census tells us that the metro area population of Palatka declined from 10,530 in 2010 to 10,387 in 2014, a loss of -1.36%.
Housing occupancy and vacancy rates in Palatka can help us get a better idea of how much demand there is for living and storage space in Palatka and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Palatka, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Palatka area. Palatka 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 Palatka, suggesting that storage unit inventory might also be tighter in Palatka. With fewer units available, storage facilities in Palatka may charge higher prices.
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