Just starting your Snellville 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 Snellville, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Snellville.
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 Snellville, prices could be higher and availability lower. By looking at population changes in Snellville, we should be able to get an idea of how many people are moving to or from the city. The Snellville metro area grew from 18,338 persons in 2010 to 19,439 persons in 2014 according to the US Census, an increase of 6%.
One way to get an idea of the demand for housing and storage space in Snellville is to look at housing occupancy and vacancy rates. Low rates of vacancy in Snellville housing could indicate that real estate is in short supply. Self storage units in Snellville may then also be in short supply, which means Snellville storage unit prices may be higher. The US Census estimates that housing vacancy rates in Snellville are at 7.3%, while the occupancy rate is at 92.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Snellville, suggesting that storage unit inventory might also be tighter in Snellville. With fewer units available, storage facilities in Snellville may charge higher prices.
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