There are a few things you should know about Prescott Valley self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Prescott Valley, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. We used US Census data on Prescott Valley to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Prescott Valley, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Prescott Valley, 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 Prescott Valley grew from 38,822 in 2010 to 41,075 in 2014, which is a rate of 5.8% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Prescott Valley. If there's low vacancy rates in Prescott Valley housing, there's likely low vacancy at Prescott Valley storage facilities. This would allow storage facilities in Prescott Valley to charge higher prices for their units. According to US Census estimates, 87.8% of housing units in Prescott Valley are occupied, while the vacancy rate is at 12.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Prescott Valley, suggesting that storage unit inventory might also be tighter in Prescott Valley. With fewer units available, storage facilities in Prescott Valley may charge higher prices.
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