There are a few things you should know about Gary self storage before you begin your search. The pricing and availability of storage units in Gary 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Gary to help inform your Gary self storage search.
If there are many people moving to or from Gary, prices could be higher than in other cities. That's because self storage if often used as part of a home move. We can get a good idea of whether or not many people are moving to or from Gary by looking at the change in population. US Census data tells us that the Gary metro area's population shrank from 80,243 in 2010 to 77,909 in 2014, a decline of -2.91%.
Housing occupancy and vacancy rates in Gary can help us get a better idea of how much demand there is for living and storage space in Gary and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Gary, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Gary area. The US Census estimates that housing vacancy rates in Gary are at 20.6%, while the occupancy rate is at 79.4%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Gary, suggesting that storage unit inventory might also be tighter in Gary. With fewer units available, storage facilities in Gary may charge higher prices.
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