Just starting your Sierra Vista 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 Sierra Vista, 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. In order to give you a better idea of these factors in Sierra Vista, we pulled in data from the US Census.
If there are many people moving to or from Sierra Vista, 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 Sierra Vista we can get a better idea of the amount of moving activity. From 2010 to 2014, the Sierra Vista metro area population fell from 45,291 to 43,806, a loss of -3.28% according to the US Census.
One way to get an idea of the demand for housing and storage space in Sierra Vista is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Sierra Vista, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Sierra Vista area. 9% of housing units in Sierra Vista are vacant according to the US Census, while 91% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Sierra Vista, suggesting that storage unit inventory might also be tighter in Sierra Vista. With fewer units available, storage facilities in Sierra Vista may charge higher prices.
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