Everything You Need to Know About Finding Self Storage in Salem, VA

Just starting your Salem self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Salem, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. We used US Census data on Salem to give you a better idea of these factors.

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 Salem, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Salem by looking at the change in population. The US Census tells us that the metro area population of Salem grew from 24,928 in 2010 to 25,483 in 2014, which is a rate of 2.23% growth over four years.

Housing occupancy and vacancy rates in Salem can help us get a better idea of how much demand there is for living and storage space in Salem and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Salem, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Salem area. According to US Census estimates, 92.7% of housing units in Salem are occupied, while the vacancy rate is at 7.3%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Salem may also be higher. That might make it harder to find cheap storage in Salem.

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