Before beginning your self storage search in Collinsville, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Collinsville, 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 Collinsville, we pulled in data from the US Census.
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 Collinsville, prices could be higher and availability lower. By looking at population changes in Collinsville, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Collinsville grew from 5,675 in 2010 to 6,334 in 2014, which is a rate of 11.61% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Collinsville. Low rates of vacancy in Collinsville housing could indicate that real estate is in short supply. Self storage units in Collinsville may then also be in short supply, which means Collinsville storage unit prices may be higher. According to US Census estimates, 90.8% of housing units in Collinsville are occupied, while the vacancy rate is at 9.2%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Collinsville, suggesting that storage unit inventory might also be tighter in Collinsville. With fewer units available, storage facilities in Collinsville may charge higher prices.
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