If you're searching for self storage in Terre Haute, there are a few things you should keep in mind. Terre Haute storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Terre Haute.
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 Terre Haute, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Terre Haute. The US Census tells us that the metro area population of Terre Haute grew from 60,792 in 2010 to 60,956 in 2014, which is a rate of 0.27% growth over four years.
One way to get an idea of the demand for housing and storage space in Terre Haute is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Terre Haute, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Terre Haute area. The US Census estimates that housing vacancy rates in Terre Haute are at 11.3%, while the occupancy rate is at 88.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Terre Haute may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Terre Haute than in other cities.
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