Finding Self Storage in Crystal Lake, IL: Top Tips
Just starting your Crystal Lake self storage search? There are a few things you should know. Storage unit prices and availability in Crystal Lake are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. We used US Census data on Crystal Lake to give you a better idea of these factors.Self Storage and Moving in Crystal Lake, IL
Many people use storage as part of their move, so if there are many people moving to Crystal Lake, you might expect storage prices to be higher and unit availability to be lower. Population changes over time are one way of gauging the amount of moving activity in Crystal Lake. US Census data tells us that the Crystal Lake metro area's population shrank from 40,762 in 2010 to 40,493 in 2014, a decline of -0.66%.The Real Estate Climate and Self Storage in Crystal Lake, IL
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Crystal Lake. If housing occupancy rates in Crystal Lake are high, it's probably safe to assume that storage facility occupancy rates in Crystal Lake are also high, which would push unit prices up. Crystal Lake is estimated to have a 95% housing occupancy rate, while the vacancy rate is at 5%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Crystal Lake may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Crystal Lake than in other cities.
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