Finding Self Storage in Stoneham, MA: Everything You Need To Know
Before beginning your self storage search in Stoneham, there are a few things you should know. Storage unit prices and availability in Stoneham are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Stoneham to give you a better idea of these factors.Self Storage and Moving in Stoneham, MA
Many people use storage as part of their move, so if there are many people moving to Stoneham, 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 Stoneham by looking at the change in population. From 2010 to 2014, the Stoneham metro area population grew from 21,304 to 21,886, a growth rate of 2.73% according to the US Census.The Real Estate Climate and Self Storage in Stoneham, MA
One way to get an idea of the demand for housing and storage space in Stoneham is to look at housing occupancy and vacancy rates. If housing occupancy rates in Stoneham are high, it's probably safe to assume that storage facility occupancy rates in Stoneham are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Stoneham are at 4.9%, while the occupancy rate is at 95.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Stoneham, suggesting that storage unit inventory might also be tighter in Stoneham. With fewer units available, storage facilities in Stoneham may charge higher prices.