Before beginning your self storage search in Woodstock, there are a few things you should know. Woodstock 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 Woodstock.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Woodstock, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Woodstock we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Woodstock grew from 24,027 in 2010 to 27,823 in 2014, which is a rate of 15.8% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Woodstock. If there's low vacancy rates in Woodstock housing, there's likely low vacancy at Woodstock storage facilities. This would allow storage facilities in Woodstock to charge higher prices for their units. 7% of housing units in Woodstock are vacant according to the US Census, while 93% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Woodstock, suggesting that storage unit inventory might also be tighter in Woodstock. With fewer units available, storage facilities in Woodstock may charge higher prices.
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