Tips for Finding Self Storage in Sellersburg, IN
Before beginning your self storage search in Sellersburg, there are a few things you should know. Storage unit prices and availability in Sellersburg are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Sellersburg to help inform your Sellersburg self storage search.Sellersburg, IN Moving and Storage
If there are many people moving to or from Sellersburg, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Sellersburg, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Sellersburg metro area's population grew from 7,848 in 2010 to 8,066 in 2014, a growth rate of 2.78%.The Relationship Between Real Estate and Self Storage in Sellersburg, IN
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Sellersburg. High occupancy rates can indicate a lack of housing supply in Sellersburg, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Sellersburg area. Sellersburg is estimated to have a 94.1% housing occupancy rate, while the vacancy rate is at 5.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Sellersburg, suggesting that storage unit inventory might also be tighter in Sellersburg. With fewer units available, storage facilities in Sellersburg may charge higher prices.