Before beginning your self storage search in Lake Forest, there are a few things you should know. Lake Forest 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. The US Census keeps accurate data relating to all of these factors, so we've used their data on Lake Forest to help inform your Lake Forest self storage search.
Many people use storage as part of their move, so if there are many people moving to Lake Forest, 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 Lake Forest we can get a better idea of the amount of moving activity. From 2010 to 2014, the Lake Forest metro area population grew from 77,599 to 80,148, a growth rate of 3.28% according to the US Census.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Lake Forest. If there's low vacancy rates in Lake Forest housing, there's likely low vacancy at Lake Forest storage facilities. This would allow storage facilities in Lake Forest to charge higher prices for their units. The US Census estimates that housing vacancy rates in Lake Forest are at 3.2%, while the occupancy rate is at 96.8%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Lake Forest also have higher than average occupancy rates. High occupancy rates in Lake Forest will make it more difficult to find a good deal on a storage unit.
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