Tips for Finding Self Storage in Passaic, NJ
Just starting your Passaic self storage search? There are a few things you should know. Passaic 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 Passaic to help inform your Passaic self storage search.Passaic, NJ Moving and Storage
If there are many people moving to or from Passaic, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Passaic, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Passaic grew from 69,867 in 2010 to 71,509 in 2014, which is a rate of 2.35% growth over four years.Real Estate and Self Storage in Passaic, NJ
One way to get an idea of the demand for housing and storage space in Passaic is to look at housing occupancy and vacancy rates. Low rates of vacancy in Passaic housing could indicate that real estate is in short supply. Self storage units in Passaic may then also be in short supply, which means Passaic storage unit prices may be higher. Passaic is estimated to have a 95% housing occupancy rate, while the vacancy rate is at 5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Passaic, suggesting that storage unit inventory might also be tighter in Passaic. With fewer units available, storage facilities in Passaic may charge higher prices.