Just starting your Whittier 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 Whittier, 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 Whittier.
If there are many people moving to or from Whittier, 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 Whittier, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Whittier metro area population grew from 85,391 to 87,318, a growth rate of 2.26% according to the US Census.
Vacancy and occupancy rates in the Whittier housing market can help us gauge the demand for living space and thus self-storage space in Whittier, and may hint at storage availability and pricing. If there's low vacancy rates in Whittier housing, there's likely low vacancy at Whittier storage facilities. This would allow storage facilities in Whittier to charge higher prices for their units. The US Census estimates that housing vacancy rates in Whittier are at 4.5%, while the occupancy rate is at 95.5%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Whittier may also be higher. That might make it harder to find cheap storage in Whittier.
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