Just starting your Deerfield self storage search? There are a few things you should know. The pricing and availability of storage units in Deerfield will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Deerfield.
Many people use storage as part of their move, so if there are many people moving to Deerfield, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Deerfield we can get a better idea of the amount of moving activity. From 2010 to 2014, the Deerfield metro area population grew from 18,252 to 18,385, a growth rate of 0.73% according to the US Census.
Housing occupancy and vacancy rates in Deerfield can help us get a better idea of how much demand there is for living and storage space in Deerfield and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Deerfield, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Deerfield area. 3.9% of housing units in Deerfield are vacant according to the US Census, while 96.1% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Deerfield, suggesting that storage unit inventory might also be tighter in Deerfield. With fewer units available, storage facilities in Deerfield may charge higher prices.
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