Tips for Finding Self Storage in Downers Grove, IL
Just starting your Downers Grove 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 Downers Grove, 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. We used US Census data on Downers Grove to give you a better idea of these factors.Downers Grove, IL Moving and Storage
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 Downers Grove, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from Downers Grove by looking at the change in population. According to the US Census, the Downers Grove metro area's population grew from 48,917 in 2010 to 49,715 in 2014, a growth rate of 1.63%.The Real Estate Climate and Self Storage in Downers Grove, IL
One way to get an idea of the demand for housing and storage space in Downers Grove is to look at housing occupancy and vacancy rates. If housing occupancy rates in Downers Grove are high, it's probably safe to assume that storage facility occupancy rates in Downers Grove are also high, which would push unit prices up. 6.3% of housing units in Downers Grove are vacant according to the US Census, while 93.7% are occupied. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Downers Grove may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Downers Grove than in other cities.