There are a few things you should know about East Chicago self storage before you begin your search. If you're wondering how much you should expect to pay for self storage in East Chicago, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in East Chicago.
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 East Chicago, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in East Chicago. From 2010 to 2014, the East Chicago metro area population fell from 29,707 to 28,990, a loss of -2.41% according to the US Census.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in East Chicago. Low rates of vacancy in East Chicago housing could indicate that real estate is in short supply. Self storage units in East Chicago may then also be in short supply, which means East Chicago storage unit prices may be higher. The US Census estimates that housing vacancy rates in East Chicago are at 17.2%, while the occupancy rate is at 82.8%. That's a higher rate than average for US cities, suggesting storage unit occupancy in East Chicago may also be higher. That might make it harder to find cheap storage in East Chicago.
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