Tips for Finding Self Storage in Siler City, NC
There are a few things you should know about Siler City self storage before you begin your search. The pricing and availability of storage units in Siler City 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Siler City.Moving and Storage in Siler City, NC
If there are many people moving to or from Siler City, 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 Siler City, 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 Siler City grew from 7,905 in 2010 to 8,273 in 2014, which is a rate of 4.66% growth over four years.Real Estate and Self Storage in Siler City, NC
Vacancy and occupancy rates in the Siler City housing market can help us gauge the demand for living space and thus self-storage space in Siler City, and may hint at storage availability and pricing. Low rates of vacancy in Siler City housing could indicate that real estate is in short supply. Self storage units in Siler City may then also be in short supply, which means Siler City storage unit prices may be higher. Siler City is estimated to have a 90.1% housing occupancy rate, while the vacancy rate is at 9.9%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Siler City also have higher than average occupancy rates. High occupancy rates in Siler City will make it more difficult to find a good deal on a storage unit.