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Finding Self Storage in Springfield, OR: Everything You Need To Know

Before beginning your self storage search in Springfield, there are a few things you should know. Storage unit prices and availability in Springfield 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 Springfield to help inform your Springfield self storage search.

Springfield, OR Self Storage and Moving

Many people use storage as part of their move, so if there are many people moving to Springfield, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Springfield by looking at the change in population. The Springfield metro area grew from 59,382 persons in 2010 to 60,263 persons in 2014 according to the US Census, an increase of 1.48%.

The Real Estate Climate and Self Storage in Springfield, OR

Housing occupancy and vacancy rates in Springfield can help us get a better idea of how much demand there is for living and storage space in Springfield and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Springfield are high, it's probably safe to assume that storage facility occupancy rates in Springfield are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Springfield are at 4.6%, while the occupancy rate is at 95.4%. 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.