Before beginning your self storage search in Wolcott, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Wolcott, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Wolcott to help inform your Wolcott self storage search.
If there are many people moving to or from Wolcott, 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 Wolcott, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Wolcott declined from 1,002 in 2010 to 995 in 2014, a loss of -0.7%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Wolcott. Low rates of vacancy in Wolcott housing could indicate that real estate is in short supply. Self storage units in Wolcott may then also be in short supply, which means Wolcott storage unit prices may be higher. The US Census estimates that housing vacancy rates in Wolcott are at 10%, while the occupancy rate is at 90%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Wolcott also have higher than average occupancy rates. High occupancy rates in Wolcott will make it more difficult to find a good deal on a storage unit.
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