Just starting your Carpentersville self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Carpentersville, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. The US Census keeps accurate data relating to all of these factors, so we've used their data on Carpentersville to help inform your Carpentersville self storage search.
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 Carpentersville, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Carpentersville by looking at the change in population. The Carpentersville metro area grew from 37,759 persons in 2010 to 38,407 persons in 2014 according to the US Census, an increase of 1.72%.
Vacancy and occupancy rates in the Carpentersville housing market can help us gauge the demand for living space and thus self-storage space in Carpentersville, and may hint at storage availability and pricing. Low rates of vacancy in Carpentersville housing could indicate that real estate is in short supply. Self storage units in Carpentersville may then also be in short supply, which means Carpentersville storage unit prices may be higher. Carpentersville is estimated to have a 93.7% housing occupancy rate, while the vacancy rate is at 6.3%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Carpentersville may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Carpentersville than in other cities.
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