Before beginning your self storage search in Santa Cruz, there are a few things you should know. The pricing and availability of storage units in Santa Cruz 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Santa Cruz to help inform your Santa Cruz self storage search.
Many people use storage as part of their move, so if there are many people moving to Santa Cruz, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Santa Cruz by looking at the change in population. The US Census tells us that the metro area population of Santa Cruz grew from 60,595 in 2010 to 63,364 in 2014, which is a rate of 4.57% growth over four years.
Housing occupancy and vacancy rates in Santa Cruz can help us get a better idea of how much demand there is for living and storage space in Santa Cruz and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Santa Cruz housing, there's likely low vacancy at Santa Cruz storage facilities. This would allow storage facilities in Santa Cruz to charge higher prices for their units. Santa Cruz is estimated to have a 92.9% housing occupancy rate, while the vacancy rate is at 7.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Santa Cruz, suggesting that storage unit inventory might also be tighter in Santa Cruz. With fewer units available, storage facilities in Santa Cruz may charge higher prices.
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