Just starting your Snowflake 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 Snowflake, 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 Snowflake.
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 Snowflake, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Snowflake. From 2010 to 2014, the Snowflake metro area population grew from 5,599 to 5,644, a growth rate of 0.8% according to the US Census.
One way to get an idea of the demand for housing and storage space in Snowflake is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Snowflake, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Snowflake area. Snowflake is estimated to have a 83.8% housing occupancy rate, while the vacancy rate is at 16.2%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Snowflake also have higher than average occupancy rates. High occupancy rates in Snowflake will make it more difficult to find a good deal on a storage unit.