Finding Self Storage in Woodridge, IL: Everything You Need To Know
There are a few things you should know about Woodridge self storage before you begin your search. Woodridge 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. We used US Census data on Woodridge to give you a better idea of these factors.Woodridge, IL Moving and Storage
Many people use storage as part of their move, so if there are many people moving to Woodridge, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Woodridge. From 2010 to 2014, the Woodridge metro area population grew from 33,000 to 33,378, a growth rate of 1.15% according to the US Census.The Relationship Between Real Estate and Self Storage in Woodridge, IL
One way to get an idea of the demand for housing and storage space in Woodridge is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Woodridge, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Woodridge area. Woodridge is estimated to have a 94.4% housing occupancy rate, while the vacancy rate is at 5.6%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Woodridge may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Woodridge than in other cities.