Tips for Finding Self Storage in Lexington, IL

Before beginning your self storage search in Lexington, there are a few things you should know. If you're wondering how much you should expect to pay for self storage in Lexington, 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. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Lexington.

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 Lexington, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Lexington we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Lexington grew from 2,063 in 2010 to 2,068 in 2014, which is a rate of 0.24% growth over four years.

One way to get an idea of the demand for housing and storage space in Lexington is to look at housing occupancy and vacancy rates. If housing occupancy rates in Lexington are high, it's probably safe to assume that storage facility occupancy rates in Lexington are also high, which would push unit prices up. According to US Census estimates, 94.7% of housing units in Lexington are occupied, while the vacancy rate is at 5.3%. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in Lexington also have higher than average occupancy rates. High occupancy rates in Lexington will make it more difficult to find a good deal on a storage unit.

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