Tips for Finding Self Storage in Palatine, IL
Before beginning your self storage search in Palatine, there are a few things you should know. Storage unit prices and availability in Palatine are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Palatine to give you a better idea of these factors.Palatine, IL Moving and Storage
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 Palatine, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Palatine. The US Census tells us that the metro area population of Palatine grew from 68,608 in 2010 to 69,387 in 2014, which is a rate of 1.14% growth over four years.The Real Estate Climate and Self Storage in Palatine, IL
Housing occupancy and vacancy rates in Palatine can help us get a better idea of how much demand there is for living and storage space in Palatine and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Palatine are high, it's probably safe to assume that storage facility occupancy rates in Palatine are also high, which would push unit prices up. According to US Census estimates, 93.9% of housing units in Palatine are occupied, while the vacancy rate is at 6.1%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Palatine may also be higher. That might make it harder to find cheap storage in Palatine.