Before beginning your self storage search in Chapel Hill, there are a few things you should know. Chapel Hill storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. 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.
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 Chapel Hill, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Chapel Hill. According to the US Census, the Chapel Hill metro area's population grew from 1,448 in 2010 to 1,461 in 2014, a growth rate of 0.9%.
Housing occupancy and vacancy rates in Chapel Hill can help us get a better idea of how much demand there is for living and storage space in Chapel Hill and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Chapel Hill are high, it's probably safe to assume that storage facility occupancy rates in Chapel Hill are also high, which would push unit prices up. Chapel Hill is estimated to have a 90.9% housing occupancy rate, while the vacancy rate is at 9.1%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Chapel Hill may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Chapel Hill than in other cities.
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