Everything You Need to Know About Finding Self Storage in Bloomington, IN
If you're searching for self storage in Bloomington, there are a few things you should keep in mind. Storage unit prices and availability in Bloomington are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. The US Census keeps accurate data relating to all of these factors, so we've used their data on Bloomington to help inform your Bloomington self storage search.Bloomington, IN Self Storage and Moving
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 Bloomington, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Bloomington we can get a better idea of the amount of moving activity. From 2010 to 2014, the Bloomington metro area population grew from 80,610 to 83,322, a growth rate of 3.36% according to the US Census.Real Estate and Self Storage in Bloomington, IN
Housing occupancy and vacancy rates in Bloomington can help us get a better idea of how much demand there is for living and storage space in Bloomington and thus the kind of storage prices and availability we should expect to find. 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, 94.5% of housing units in Bloomington are occupied, while the vacancy rate is at 5.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Bloomington, suggesting that storage unit inventory might also be tighter in Bloomington. With fewer units available, storage facilities in Bloomington may charge higher prices.