There are a few things you should know about Spencer self storage before you begin your search. Storage unit prices and availability in Spencer are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Spencer to help inform your Spencer self storage search.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Spencer, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Spencer we can get a better idea of the amount of moving activity. US Census data tells us that the Spencer metro area's population shrank from 2,344 in 2010 to 2,280 in 2014, a decline of -2.73%.
One way to get an idea of the demand for housing and storage space in Spencer is to look at housing occupancy and vacancy rates. Low rates of vacancy in Spencer housing could indicate that real estate is in short supply. Self storage units in Spencer may then also be in short supply, which means Spencer storage unit prices may be higher. Spencer is estimated to have a 89.8% housing occupancy rate, while the vacancy rate is at 10.2%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Spencer may also be higher. That might make it harder to find cheap storage in Spencer.
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