There are a few things you should know about South El Monte self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in South El Monte, 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 South El Monte, we pulled in data from the US Census.
If there are many people moving to or from South El Monte, 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 South El Monte, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the South El Monte metro area population grew from 20,133 to 20,569, a growth rate of 2.17% according to the US Census.
One way to get an idea of the demand for housing and storage space in South El Monte is to look at housing occupancy and vacancy rates. If there's low vacancy rates in South El Monte housing, there's likely low vacancy at South El Monte storage facilities. This would allow storage facilities in South El Monte to charge higher prices for their units. According to US Census estimates, 97% of housing units in South El Monte are occupied, while the vacancy rate is at 3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in South El Monte, suggesting that storage unit inventory might also be tighter in South El Monte. With fewer units available, storage facilities in South El Monte may charge higher prices.
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