If you're searching for self storage in Bloomington, there are a few things you should keep in mind. The pricing and availability of storage units in Bloomington 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. In order to give you a better idea of these factors in Bloomington, we pulled in data from the US Census.
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 Bloomington, prices could be higher and availability lower. By looking at population changes in Bloomington, we should be able to get an idea of how many people are moving to or from the city. From 2010 to 2014, the Bloomington metro area population grew from 76,757 to 78,730, a growth rate of 2.57% according to the US Census.
One way to get an idea of the demand for housing and storage space in Bloomington is to look at housing occupancy and vacancy rates. Low rates of vacancy in Bloomington housing could indicate that real estate is in short supply. Self storage units in Bloomington may then also be in short supply, which means Bloomington storage unit prices may be higher. According to US Census estimates, 92.2% of housing units in Bloomington are occupied, while the vacancy rate is at 7.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Bloomington also have higher than average occupancy rates. High occupancy rates in Bloomington will make it more difficult to find a good deal on a storage unit.
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