Tips for Finding Self Storage in Waterford, CT
Just starting your Waterford self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Waterford, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Waterford.Waterford, CT Moving and Storage
Many people use storage as part of their move, so if there are many people moving to Waterford, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Waterford we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Waterford declined from 19,509 in 2010 to 19,427 in 2014, a loss of -0.42%.Self Storage and Real Estate in Waterford, CT
Vacancy and occupancy rates in the Waterford housing market can help us gauge the demand for living space and thus self-storage space in Waterford, and may hint at storage availability and pricing. If there's low vacancy rates in Waterford housing, there's likely low vacancy at Waterford storage facilities. This would allow storage facilities in Waterford to charge higher prices for their units. 6% of housing units in Waterford are vacant according to the US Census, while 94% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Waterford may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Waterford than in other cities.
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