Just starting your Lake Villa self storage search? There are a few things you should know. Lake Villa 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 Villa to help inform your Lake Villa self storage search.
One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from Lake Villa, prices could be higher and availability lower. By looking at population changes in Lake Villa, we should be able to get an idea of how many people are moving to or from the city. The US Census tells us that the metro area population of Lake Villa grew from 8,690 in 2010 to 8,825 in 2014, which is a rate of 1.55% growth over four years.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Lake Villa. Low rates of vacancy in Lake Villa housing could indicate that real estate is in short supply. Self storage units in Lake Villa may then also be in short supply, which means Lake Villa storage unit prices may be higher. Lake Villa is estimated to have a 95% housing occupancy rate, while the vacancy rate is at 5%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Lake Villa may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Lake Villa than in other cities.
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