Tips for Finding Self Storage in Forest Park, IL
Before beginning your self storage search in Forest Park, there are a few things you should know. Forest Park storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Forest Park.Forest Park, IL Moving and Storage
If there are many people moving to or from Forest Park, prices could be higher than in other cities. That's because self storage if often used as part of a home move. By looking at population changes in Forest Park, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Forest Park metro area's population grew from 14,172 in 2010 to 14,196 in 2014, a growth rate of 0.17%.The Relationship Between Real Estate and Self Storage in Forest Park, IL
One way to get an idea of the demand for housing and storage space in Forest Park is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Forest Park, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Forest Park area. The US Census estimates that housing vacancy rates in Forest Park are at 8.6%, while the occupancy rate is at 91.4%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Forest Park may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Forest Park than in other cities.