Tips for Finding Self Storage in Chapel Hill, NC

There are a few things you should know about Chapel Hill self storage before you begin your search. Storage unit prices and availability in Chapel Hill 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 Chapel Hill to help inform your Chapel Hill self storage search.

If there are many people moving to or from Chapel Hill, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Chapel Hill we can get a better idea of the amount of moving activity. The Chapel Hill metro area grew from 57,447 persons in 2010 to 59,376 persons in 2014 according to the US Census, an increase of 3.36%.

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Chapel Hill. Low rates of vacancy in Chapel Hill housing could indicate that real estate is in short supply. Self storage units in Chapel Hill may then also be in short supply, which means Chapel Hill storage unit prices may be higher. The US Census estimates that housing vacancy rates in Chapel Hill are at 7.6%, while the occupancy rate is at 92.4%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Chapel Hill, suggesting that storage unit inventory might also be tighter in Chapel Hill. With fewer units available, storage facilities in Chapel Hill may charge higher prices.

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