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Everything You Need to Know About Finding Self Storage in Geneva, IL

There are a few things you should know about Geneva self storage before you begin your search. Storage unit prices and availability in Geneva are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in Geneva, we pulled in data from the US Census.

Geneva, IL Self Storage and Moving

Many people use storage as part of their move, so if there are many people moving to Geneva, you might expect storage prices to be higher and unit availability to be lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Geneva we can get a better idea of the amount of moving activity. From 2010 to 2014, the Geneva metro area population grew from 21,518 to 21,742, a growth rate of 1.04% according to the US Census.

The Real Estate Climate and Self Storage in Geneva, IL

Housing occupancy and vacancy rates in Geneva can help us get a better idea of how much demand there is for living and storage space in Geneva and thus the kind of storage prices and availability we should expect to find. Low rates of vacancy in Geneva housing could indicate that real estate is in short supply. Self storage units in Geneva may then also be in short supply, which means Geneva storage unit prices may be higher. Geneva is estimated to have a 95% housing occupancy rate, while the vacancy rate is at 5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Geneva, suggesting that storage unit inventory might also be tighter in Geneva. With fewer units available, storage facilities in Geneva may charge higher prices.