Just starting your Lincolnwood self storage search? There are a few things you should know. Lincolnwood 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 Lincolnwood.
Many people use storage as part of their move, so if there are many people moving to Lincolnwood, 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 Lincolnwood we can get a better idea of the amount of moving activity. From 2010 to 2014, the Lincolnwood metro area population grew from 12,597 to 12,687, a growth rate of 0.71% according to the US Census.
Housing occupancy and vacancy rates in Lincolnwood can help us get a better idea of how much demand there is for living and storage space in Lincolnwood and thus the kind of storage prices and availability we should expect to find. High occupancy rates can indicate a lack of housing supply in Lincolnwood, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Lincolnwood area. Lincolnwood is estimated to have a 93.6% housing occupancy rate, while the vacancy rate is at 6.4%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Lincolnwood may also be higher. That might make it harder to find cheap storage in Lincolnwood.
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