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Tips for Finding Self Storage in Evansville, IN

There are a few things you should know about Evansville self storage before you begin your search. Storage unit prices and availability in Evansville are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Evansville, we pulled in data from the US Census.

Evansville, IN Self Storage and Moving

Many people use storage as part of their move, so if there are many people moving to Evansville, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Evansville by looking at the change in population. From 2010 to 2014, the Evansville metro area population grew from 120,074 to 120,346, a growth rate of 0.23% according to the US Census.

The Relationship Between Real Estate and Self Storage in Evansville, IN.

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Evansville. High occupancy rates can indicate a lack of housing supply in Evansville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Evansville area. According to US Census estimates, 87.5% of housing units in Evansville are occupied, while the vacancy rate is at 12.5%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Evansville may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Evansville than in other cities.