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Finding Self Storage in Springfield, OH: Top Tips

There are a few things you should know about Springfield self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in Springfield, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Springfield to help inform your Springfield self storage search.

Self Storage and Moving in Springfield, OH

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 Springfield, prices could be higher and availability lower. By looking at population changes in Springfield, we should be able to get an idea of how many people are moving to or from the city. The Springfield metro area saw its population decline from 60,566 persons in 2010 to 59,956 persons in 2014 according to the US Census, a decrease of -1.01%.

The Relationship Between Real Estate and Self Storage in Springfield, OH.

One way to get an idea of the demand for housing and storage space in Springfield is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Springfield, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Springfield area. The US Census estimates that housing vacancy rates in Springfield are at 14%, while the occupancy rate is at 86%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Springfield may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Springfield than in other cities.