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Turning to self storage to ease moving to Newark, NY

Close to 1,354 people moved to Newark in 2021, according to U.S. Census data, with Newark boasting attractive employment opportunities and a great lifestyle. Newark's total population now amounts to 9,049 people, representing a 2.04% change year-over-year.

However, there is a lot of outbound migration as well. In fact, compared to 10 years previously, Newark's population decreased by 0.76% in 2021.

Here's how the population of Newark changed over the last 10 years:

Numbers are total population figures in Newark, NY, as per the U.S. Census.

Newark, NY, housing market fundamentals generate self storage demand

Newark's residents have complex storage needs in their homes, due to a combination of factors, including the size of their living spaces, demographics and spending habits.

About 56% of Newark residents are homeowners and 44% are renters. Newark homes have 1 bedroom more often than any other number of bedrooms.

People living in smaller homes or apartments might simply not have enough space at home for everything they own, hence the need for self storage. Also, large families, as well as multigenerational ones, often appeal to self storage to maintain a comfortable lifestyle in their homes.

College students can benefit from self storage

In Newark, there is 1 college or university. If you're a college student here, you can also use self storage at the end of the academic year. Instead of moving all your belongings back home — which can be expensive and time-consuming — it's easier to put your things in a storage unit until the next academic year begins. Self storage presents the same type of advantage for international students as they don't need to bring their belongings back if they visit their home country for the summer.