If you're searching for self storage in Spencer, there are a few things you should keep in mind. 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Spencer.
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 Spencer, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Spencer by looking at the change in population. The Spencer metro area grew from 3,921 persons in 2010 to 4,024 persons in 2014 according to the US Census, an increase of 2.63%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Spencer. If housing occupancy rates in Spencer are high, it's probably safe to assume that storage facility occupancy rates in Spencer are also high, which would push unit prices up. Spencer is estimated to have a 88% housing occupancy rate, while the vacancy rate is at 12%. 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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