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Tips for Finding Self Storage in Sherwood, OR

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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Sherwood.

Moving and Storage in Sherwood, OR

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 Sherwood, prices could be higher and availability lower. By looking at population changes in Sherwood, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Sherwood grew from 18,294 in 2010 to 18,978 in 2014, which is a rate of 3.74% growth over four years.

The Real Estate Climate and Self Storage in Sherwood, OR

One way to get an idea of the demand for housing and storage space in Sherwood is to look at housing occupancy and vacancy rates. Low rates of vacancy in Sherwood housing could indicate that real estate is in short supply. Self storage units in Sherwood may then also be in short supply, which means Sherwood storage unit prices may be higher. Sherwood is estimated to have a 96.1% housing occupancy rate, while the vacancy rate is at 3.9%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Sherwood, suggesting that storage unit inventory might also be tighter in Sherwood. With fewer units available, storage facilities in Sherwood may charge higher prices.