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Everything You Need to Know About Finding Self Storage in Palmetto, FL

There are a few things you should know about Palmetto self storage before you begin your search. Palmetto 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. We used US Census data on Palmetto to give you a better idea of these factors.

Moving and Storage in Palmetto, FL

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 Palmetto, that could affect storage unit pricing and availability. By looking at population changes in Palmetto, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Palmetto metro area population grew from 12,661 to 13,082, a growth rate of 3.33% according to the US Census.

The Real Estate Climate and Self Storage in Palmetto, FL

One way to get an idea of the demand for housing and storage space in Palmetto is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Palmetto housing, there's likely low vacancy at Palmetto storage facilities. This would allow storage facilities in Palmetto to charge higher prices for their units. 27.3% of housing units in Palmetto are vacant according to the US Census, while 72.7% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Palmetto also have higher than average occupancy rates. High occupancy rates in Palmetto will make it more difficult to find a good deal on a storage unit.