Just starting your Cicero 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 Cicero, 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. In order to give you a better idea of these factors in Cicero, we pulled in data from the US Census.
If there are many people moving to or from Cicero, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Cicero. The US Census tells us that the metro area population of Cicero grew from 84,271 in 2010 to 84,354 in 2014, which is a rate of 0.1% growth over four years.
Vacancy and occupancy rates in the Cicero housing market can help us gauge the demand for living space and thus self-storage space in Cicero, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Cicero, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Cicero area. Cicero is estimated to have a 90.8% housing occupancy rate, while the vacancy rate is at 9.2%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Cicero may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Cicero than in other cities.
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