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Tips for Finding Self Storage in Salem, MA

Just starting your Salem self storage search? There are a few things you should know. The pricing and availability of storage units in Salem 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. We used US Census data on Salem to give you a better idea of these factors.

Salem, MA Self Storage and Moving

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 Salem, 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 Salem we can get a better idea of the amount of moving activity. From 2010 to 2014, the Salem metro area population grew from 41,836 to 42,824, a growth rate of 2.36% according to the US Census.

Self Storage and Real Estate in Salem, MA

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Salem. If there's low vacancy rates in Salem housing, there's likely low vacancy at Salem storage facilities. This would allow storage facilities in Salem to charge higher prices for their units. The US Census estimates that housing vacancy rates in Salem are at 6.7%, while the occupancy rate is at 93.3%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Salem also have higher than average occupancy rates. High occupancy rates in Salem will make it more difficult to find a good deal on a storage unit.