Everything You Need to Know About Finding Self Storage in Youngstown, OH
If you're searching for self storage in Youngstown, there are a few things you should keep in mind. Storage unit prices and availability in Youngstown are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Youngstown.Real Estate and Self Storage in Youngstown, OH
In Youngstown, like any city, the real estate climate can affect the prices and availability at storage facilties in a number of ways, one of those being the cost of housing. The US Census provides us with housing value and median rent data for Youngstown which we can use to get a better idea of what to expect in terms of price and availability for Youngstown self storage. With a median home value of $98,000 according to the US Census, Youngstown real estate prices are lower than the average for the top 100 US metros. The median home value in Youngstown declined by -0.71% between 2009 and 2013. Housing in Youngstown is more affordable than most other cities, with the median income making up 43.37% of the median home value. 72% of the housing stock in Youngstown is owner occupied, a higher rate than other major American cities.
The median monthly housing rent in Youngstown is $619 per month, which is lower than most other big cities. Between 2005 and 2013, the median rent in Youngstown grew by 8.22%, a lower rate than comparable cities. In terms of rent affordability, the yearly median rent in Youngstown would consume 17% of the median income. This makes Youngstown more affordable than similar cities. Renters occupy approximately 26% of housing in Youngstown, a lower rate than similar cities.
Since self storage is also used in situations where people don't have enough space in their home, cities where homes are generally smaller may have a greater need for storage. Youngstown homes have a median number of 6.4 rooms, which is a lower number than the average for large US cities. The median price per room in Youngstown is $15,313, which is lower than average among the top US metro areas.Youngstown, OH Economics and Self Storage Prices
Statistics like income and economic growth can also hint at storage pricing, since higher local incomes will likely point to higher storage prices. This can be particularly useful if you're moving to Youngstown from a different city. Median earners in Youngstown make $42,507 a year according to the most recent US Census estimates, a lower median pay than the average for large US urban areas. Between 2009 and 2013, median income in Youngstown grew by 3.57%. 1.6% of Youngstown household have an income in excess of $200,000 a year, which is a lower rate than the average for large US cities. According to the latest US Census reports, Youngstown has a GDP of $17,590,000,000 and a per capita GDP of $31,629. That means that Youngstown's per capita GDP is lower than the average for the top 100 US metros. Education levels also tend to correlate with wealth. 42% of Youngstown residents over the age of 18 have a high school diploma, 12% have a college degree, and 6% have a graduate or professional degree.