Finding Self Storage in Highland Park, IL: Top Tips
Before beginning your self storage search in Highland Park, there are a few things you should know. The pricing and availability of storage units in Highland 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 Highland Park, we pulled in data from the US Census.Highland Park, IL Moving and Storage
If there are many people moving to or from Highland Park, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Highland Park we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Highland Park grew from 29,767 in 2010 to 29,871 in 2014, which is a rate of 0.35% growth over four years.The Relationship Between Real Estate and Self Storage in Highland Park, IL
One way to get an idea of the demand for housing and storage space in Highland Park is to look at housing occupancy and vacancy rates. Low rates of vacancy in Highland Park housing could indicate that real estate is in short supply. Self storage units in Highland Park may then also be in short supply, which means Highland Park storage unit prices may be higher. According to US Census estimates, 93.1% of housing units in Highland Park are occupied, while the vacancy rate is at 6.9%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Highland Park may also be higher. That might make it harder to find cheap storage in Highland Park.