Just starting your Rehoboth Beach self storage search? There are a few things you should know. Storage unit prices and availability in Rehoboth Beach are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Rehoboth Beach to help inform your Rehoboth Beach self storage search.
If there are many people moving to or from Rehoboth Beach, 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 Rehoboth Beach by looking at the change in population. From 2010 to 2014, the Rehoboth Beach metro area population grew from 1,329 to 1,424, a growth rate of 7.15% according to the US Census.
Vacancy and occupancy rates in the Rehoboth Beach housing market can help us gauge the demand for living space and thus self-storage space in Rehoboth Beach, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Rehoboth Beach, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Rehoboth Beach area. The US Census estimates that housing vacancy rates in Rehoboth Beach are at 76.4%, while the occupancy rate is at 23.6%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Rehoboth Beach may also be higher. That might make it harder to find cheap storage in Rehoboth Beach.
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