Finding Self Storage in Willoughby, OH: Top Tips
Just starting your Willoughby self storage search? There are a few things you should know. Storage unit prices and availability in Willoughby are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Willoughby to give you a better idea of these factors.Moving and Storage in Willoughby, OH
Many people use storage as part of their move, so if there are many people moving to Willoughby, 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 Willoughby we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Willoughby grew from 22,285 in 2010 to 22,453 in 2014, which is a rate of 0.75% growth over four years.Real Estate and Self Storage in Willoughby, OH
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Willoughby. High occupancy rates can indicate a lack of housing supply in Willoughby, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Willoughby area. According to US Census estimates, 91.4% of housing units in Willoughby are occupied, while the vacancy rate is at 8.6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Willoughby, suggesting that storage unit inventory might also be tighter in Willoughby. With fewer units available, storage facilities in Willoughby may charge higher prices.