There are a few things you should know about Valparaiso self storage before you begin your search. Valparaiso 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. We used US Census data on Valparaiso to give you a better idea of these factors.
Many people use storage as part of their move, so if there are many people moving to Valparaiso, 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 Valparaiso by looking at the change in population. The Valparaiso metro area grew from 5,028 persons in 2010 to 5,188 persons in 2014 according to the US Census, an increase of 3.18%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Valparaiso. High occupancy rates can indicate a lack of housing supply in Valparaiso, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Valparaiso area. Valparaiso is estimated to have a 88.3% housing occupancy rate, while the vacancy rate is at 11.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Valparaiso, suggesting that storage unit inventory might also be tighter in Valparaiso. With fewer units available, storage facilities in Valparaiso may charge higher prices.
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