Just starting your Royal Palm Beach self storage search? There are a few things you should know. Storage unit prices and availability in Royal Palm Beach are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Royal Palm Beach, we pulled in data from the US Census.
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 Royal Palm Beach, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Royal Palm Beach by looking at the change in population. From 2010 to 2014, the Royal Palm Beach metro area population grew from 34,239 to 37,015, a growth rate of 8.11% according to the US Census.
Vacancy and occupancy rates in the Royal Palm Beach housing market can help us gauge the demand for living space and thus self-storage space in Royal Palm Beach, and may hint at storage availability and pricing. If housing occupancy rates in Royal Palm Beach are high, it's probably safe to assume that storage facility occupancy rates in Royal Palm Beach are also high, which would push unit prices up. 10.1% of housing units in Royal Palm Beach are vacant according to the US Census, while 89.9% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Royal Palm Beach may also be higher. That might make it harder to find cheap storage in Royal Palm Beach.
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