Finding Self Storage in Rapid City, SD: Top Tips
Before beginning your self storage search in Rapid City, there are a few things you should know. Rapid City 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Rapid City.Moving and Storage in Rapid City, SD
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 Rapid City, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Rapid City we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Rapid City grew from 68,171 in 2010 to 72,638 in 2014, which is a rate of 6.55% growth over four years.Real Estate and Self Storage in Rapid City, SD
Vacancy and occupancy rates in the Rapid City housing market can help us gauge the demand for living space and thus self-storage space in Rapid City, and may hint at storage availability and pricing. If there's low vacancy rates in Rapid City housing, there's likely low vacancy at Rapid City storage facilities. This would allow storage facilities in Rapid City to charge higher prices for their units. 5.5% of housing units in Rapid City are vacant according to the US Census, while 94.5% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Rapid City, suggesting that storage unit inventory might also be tighter in Rapid City. With fewer units available, storage facilities in Rapid City may charge higher prices.