If you're searching for self storage in Barrington, there are a few things you should keep in mind. Barrington 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 Barrington to give you a better idea of these factors.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Barrington, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Barrington. The US Census tells us that the metro area population of Barrington grew from 10,328 in 2010 to 10,373 in 2014, which is a rate of 0.44% growth over four years.
One way to get an idea of the demand for housing and storage space in Barrington is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Barrington, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Barrington area. The US Census estimates that housing vacancy rates in Barrington are at 7.7%, while the occupancy rate is at 92.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Barrington, suggesting that storage unit inventory might also be tighter in Barrington. With fewer units available, storage facilities in Barrington may charge higher prices.
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