Everything You Need to Know About Finding Self Storage in Renton, WA
If you're searching for self storage in Renton, there are a few things you should keep in mind. The pricing and availability of storage units in Renton will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. In order to give you a better idea of these factors in Renton, we pulled in data from the US Census.Renton, WA Moving and Storage
If there are many people moving to or from Renton, 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 Renton by looking at the change in population. From 2010 to 2014, the Renton metro area population grew from 92,218 to 98,404, a growth rate of 6.71% according to the US Census.Real Estate and Self Storage in Renton, WA
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Renton. Low rates of vacancy in Renton housing could indicate that real estate is in short supply. Self storage units in Renton may then also be in short supply, which means Renton storage unit prices may be higher. 7.5% of housing units in Renton are vacant according to the US Census, while 92.5% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Renton, suggesting that storage unit inventory might also be tighter in Renton. With fewer units available, storage facilities in Renton may charge higher prices.