Tips for Finding Self Storage in Franklin Park, IL
If you're searching for self storage in Franklin Park, there are a few things you should keep in mind. The pricing and availability of storage units in Franklin Park will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. In order to give you a better idea of these factors in Franklin Park, we pulled in data from the US Census.Franklin Park, IL Self Storage and Moving
If there are many people moving to or from Franklin Park, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Franklin Park. From 2010 to 2014, the Franklin Park metro area population grew from 18,340 to 18,404, a growth rate of 0.35% according to the US Census.The Real Estate Climate and Self Storage in Franklin Park, IL
Housing occupancy and vacancy rates in Franklin Park can help us get a better idea of how much demand there is for living and storage space in Franklin Park and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Franklin Park housing could indicate that real estate is in short supply. Self storage units in Franklin Park may then also be in short supply, which means Franklin Park storage unit prices may be higher. According to US Census estimates, 94% of housing units in Franklin Park are occupied, while the vacancy rate is at 6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Franklin Park, suggesting that storage unit inventory might also be tighter in Franklin Park. With fewer units available, storage facilities in Franklin Park may charge higher prices.