Just starting your Hanover Park self storage search? There are a few things you should know. Hanover 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. We used US Census data on Hanover Park to give you a better idea of these factors.
If there are many people moving to or from Hanover 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 Hanover 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 Hanover Park metro area's population grew from 37,985 in 2010 to 38,476 in 2014, a growth rate of 1.29%.
Housing occupancy and vacancy rates in Hanover Park can help us get a better idea of how much demand there is for living and storage space in Hanover Park and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Hanover Park are high, it's probably safe to assume that storage facility occupancy rates in Hanover Park are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Hanover Park are at 4.9%, while the occupancy rate is at 95.1%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Hanover Park also have higher than average occupancy rates. High occupancy rates in Hanover Park will make it more difficult to find a good deal on a storage unit.
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