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Tips for Finding Self Storage in Sherwood, AR

Just starting your Sherwood self storage search? There are a few things you should know. Sherwood storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. We used US Census data on Sherwood to give you a better idea of these factors.

Moving and Storage in Sherwood, AR

If there are many people moving to or from Sherwood, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Sherwood we can get a better idea of the amount of moving activity. From 2010 to 2014, the Sherwood metro area population grew from 29,755 to 30,407, a growth rate of 2.19% according to the US Census.

Real Estate and Self Storage in Sherwood, AR

Housing occupancy and vacancy rates in Sherwood can help us get a better idea of how much demand there is for living and storage space in Sherwood 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 Sherwood, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Sherwood area. According to US Census estimates, 94.5% of housing units in Sherwood are occupied, while the vacancy rate is at 5.5%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Sherwood also have higher than average occupancy rates. High occupancy rates in Sherwood will make it more difficult to find a good deal on a storage unit.