Just starting your Belvidere self storage search? There are a few things you should know. The pricing and availability of storage units in Belvidere will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. We used US Census data on Belvidere to give you a better idea of these factors.
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 Belvidere, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Belvidere by looking at the change in population. The Belvidere metro area saw its population decline from 25,559 persons in 2010 to 25,282 persons in 2014 according to the US Census, a decrease of -1.08%.
Housing occupancy and vacancy rates in Belvidere can help us get a better idea of how much demand there is for living and storage space in Belvidere and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Belvidere, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Belvidere area. According to US Census estimates, 92% of housing units in Belvidere are occupied, while the vacancy rate is at 8%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Belvidere, suggesting that storage unit inventory might also be tighter in Belvidere. With fewer units available, storage facilities in Belvidere may charge higher prices.
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