If you're searching for self storage in Bellwood, there are a few things you should keep in mind. Bellwood 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Bellwood to help inform your Bellwood self storage search.
If there are many people moving to or from Bellwood, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Bellwood, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Bellwood metro area's population grew from 19,082 in 2010 to 19,152 in 2014, a growth rate of 0.37%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Bellwood. If there's low vacancy rates in Bellwood housing, there's likely low vacancy at Bellwood storage facilities. This would allow storage facilities in Bellwood to charge higher prices for their units. Bellwood is estimated to have a 93.1% housing occupancy rate, while the vacancy rate is at 6.9%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Bellwood also have higher than average occupancy rates. High occupancy rates in Bellwood will make it more difficult to find a good deal on a storage unit.
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