Just starting your Pico Rivera self storage search? There are a few things you should know. Storage unit prices and availability in Pico Rivera are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Pico Rivera to give you a better idea of these factors.
If there are many people moving to or from Pico Rivera, 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 Pico Rivera by looking at the change in population. According to the US Census, the Pico Rivera metro area's population grew from 62,987 in 2010 to 64,235 in 2014, a growth rate of 1.98%.
Vacancy and occupancy rates in the Pico Rivera housing market can help us gauge the demand for living space and thus self-storage space in Pico Rivera, and may hint at storage availability and pricing. If there's low vacancy rates in Pico Rivera housing, there's likely low vacancy at Pico Rivera storage facilities. This would allow storage facilities in Pico Rivera to charge higher prices for their units. The US Census estimates that housing vacancy rates in Pico Rivera are at 3.2%, while the occupancy rate is at 96.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Pico Rivera also have higher than average occupancy rates. High occupancy rates in Pico Rivera will make it more difficult to find a good deal on a storage unit.
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