Everything You Need to Know About Finding Self Storage in Reno, NV
Just starting your Reno self storage search? There are a few things you should know. Reno 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 Reno.Reno, NV Self Storage and Moving
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Reno, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Reno we can get a better idea of the amount of moving activity. According to the US Census, the Reno metro area's population grew from 226,402 in 2010 to 236,995 in 2014, a growth rate of 4.68%.Self Storage and Real Estate in Reno, NV
One way to get an idea of the demand for housing and storage space in Reno is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Reno housing, there's likely low vacancy at Reno storage facilities. This would allow storage facilities in Reno to charge higher prices for their units. The US Census estimates that housing vacancy rates in Reno are at 11.4%, while the occupancy rate is at 88.6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Reno, suggesting that storage unit inventory might also be tighter in Reno. With fewer units available, storage facilities in Reno may charge higher prices.