Before beginning your self storage search in Evanston, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Evanston, 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Evanston to help inform your Evanston self storage search.
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 Evanston, prices could be higher and availability lower. Population changes over time are one way of gauging the amount of moving activity in Evanston. According to the US Census, the Evanston metro area's population grew from 74,582 in 2010 to 75,658 in 2014, a growth rate of 1.44%.
Vacancy and occupancy rates in the Evanston housing market can help us gauge the demand for living space and thus self-storage space in Evanston, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Evanston, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Evanston area. 9.4% of housing units in Evanston are vacant according to the US Census, while 90.6% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Evanston, suggesting that storage unit inventory might also be tighter in Evanston. With fewer units available, storage facilities in Evanston may charge higher prices.
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