Just starting your Princeton self storage search? There are a few things you should know. Princeton 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. In order to give you a better idea of these factors in Princeton, we pulled in data from the US Census.
If there are many people moving to or from Princeton, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Princeton we can get a better idea of the amount of moving activity. The Princeton metro area saw its population decline from 4,741 persons in 2010 to 4,696 persons in 2014 according to the US Census, a decrease of -0.95%.
Housing occupancy and vacancy rates in Princeton can help us get a better idea of how much demand there is for living and storage space in Princeton and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Princeton housing could indicate that real estate is in short supply. Self storage units in Princeton may then also be in short supply, which means Princeton storage unit prices may be higher. 5.8% of housing units in Princeton are vacant according to the US Census, while 94.2% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Princeton may also be higher. That might make it harder to find cheap storage in Princeton.
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