Everything You Need to Know About Finding Self Storage in Frankfort, IL
There are a few things you should know about Frankfort self storage before you begin your search. Frankfort 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 Frankfort.Frankfort, IL Self Storage and Moving
If there are many people moving to or from Frankfort, 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 Frankfort, 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 Frankfort metro area's population grew from 17,848 in 2010 to 18,446 in 2014, a growth rate of 3.35%.Self Storage and Real Estate in Frankfort, IL
One way to get an idea of the demand for housing and storage space in Frankfort is to look at housing occupancy and vacancy rates. If there's low vacancy rates in Frankfort housing, there's likely low vacancy at Frankfort storage facilities. This would allow storage facilities in Frankfort to charge higher prices for their units. The US Census estimates that housing vacancy rates in Frankfort are at 4.3%, while the occupancy rate is at 95.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Frankfort, suggesting that storage unit inventory might also be tighter in Frankfort. With fewer units available, storage facilities in Frankfort may charge higher prices.