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Finding Self Storage in Hopedale, IL: Everything You Need To Know

Before beginning your self storage search in Hopedale, there are a few things you should know. Hopedale 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Hopedale.

Moving and Storage in Hopedale, IL

If there are many people moving to or from Hopedale, 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 Hopedale, we should be able to get an idea of how many people are moving to or from the city. US Census data tells us that the Hopedale metro area's population shrank from 865 in 2010 to 857 in 2014, a decline of -0.92%.

Real Estate and Self Storage in Hopedale, IL

Vacancy and occupancy rates in the Hopedale housing market can help us gauge the demand for living space and thus self-storage space in Hopedale, and may hint at storage availability and pricing. If housing occupancy rates in Hopedale are high, it's probably safe to assume that storage facility occupancy rates in Hopedale are also high, which would push unit prices up. The US Census estimates that housing vacancy rates in Hopedale are at 17.5%, while the occupancy rate is at 82.5%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Hopedale also have higher than average occupancy rates. High occupancy rates in Hopedale will make it more difficult to find a good deal on a storage unit.