Just starting your Lake Bluff self storage search? There are a few things you should know. If you're wondering how much you should expect to pay for self storage in Lake Bluff, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. In order to give you a better idea of these factors in Lake Bluff, we pulled in data from the US Census.
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Lake Bluff, that could affect storage unit pricing and availability. Population changes over time are one way of gauging the amount of moving activity in Lake Bluff. The Lake Bluff metro area saw its population decline from 5,710 persons in 2010 to 5,698 persons in 2014 according to the US Census, a decrease of -0.21%.
Housing occupancy and vacancy rates in Lake Bluff can help us get a better idea of how much demand there is for living and storage space in Lake Bluff and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Lake Bluff housing, there's likely low vacancy at Lake Bluff storage facilities. This would allow storage facilities in Lake Bluff to charge higher prices for their units. Lake Bluff is estimated to have a 94.4% housing occupancy rate, while the vacancy rate is at 5.6%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Lake Bluff also have higher than average occupancy rates. High occupancy rates in Lake Bluff will make it more difficult to find a good deal on a storage unit.
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