Everything You Need to Know About Finding Self Storage in Waltham, MA
Before beginning your self storage search in Waltham, there are a few things you should know. Waltham 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 Waltham.Self Storage and Moving in Waltham, MA
If there are many people moving to or from Waltham, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Waltham we can get a better idea of the amount of moving activity. The Waltham metro area grew from 60,842 persons in 2010 to 63,014 persons in 2014 according to the US Census, an increase of 3.57%.Self Storage and Real Estate in Waltham, MA
Vacancy and occupancy rates in the Waltham housing market can help us gauge the demand for living space and thus self-storage space in Waltham, and may hint at storage availability and pricing. If there's low vacancy rates in Waltham housing, there's likely low vacancy at Waltham storage facilities. This would allow storage facilities in Waltham to charge higher prices for their units. 5% of housing units in Waltham are vacant according to the US Census, while 95% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Waltham, suggesting that storage unit inventory might also be tighter in Waltham. With fewer units available, storage facilities in Waltham may charge higher prices.