Just starting your Thunderbolt self storage search? There are a few things you should know. The pricing and availability of storage units in Thunderbolt will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Thunderbolt to help inform your Thunderbolt self storage search.
If there are many people moving to or from Thunderbolt, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Thunderbolt, we should be able to get an idea of how many people are moving to or from the city. The Thunderbolt metro area grew from 2,528 persons in 2010 to 2,613 persons in 2014 according to the US Census, an increase of 3.36%.
Vacancy and occupancy rates in the Thunderbolt housing market can help us gauge the demand for living space and thus self-storage space in Thunderbolt, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Thunderbolt, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Thunderbolt area. According to US Census estimates, 86.2% of housing units in Thunderbolt are occupied, while the vacancy rate is at 13.8%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Thunderbolt, suggesting that storage unit inventory might also be tighter in Thunderbolt. With fewer units available, storage facilities in Thunderbolt may charge higher prices.
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