Tips for Finding Self Storage in McHenry, IL

Just starting your McHenry self storage search? There are a few things you should know. The pricing and availability of storage units in McHenry will depend on several factors such as the real estate climate, the number of people moving into or throughout the area, housing conditions in the city, and the general wealth and prosperity of the area. We used US Census data on McHenry to give you a better idea of these factors.

Many people use storage as part of their move, so if there are many people moving to McHenry, 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 McHenry we can get a better idea of the amount of moving activity. US Census data tells us that the McHenry metro area's population shrank from 27,019 in 2010 to 26,630 in 2014, a decline of -1.44%.

One way to get an idea of the demand for housing and storage space in McHenry is to look at housing occupancy and vacancy rates. Low rates of vacancy in McHenry housing could indicate that real estate is in short supply. Self storage units in McHenry may then also be in short supply, which means McHenry storage unit prices may be higher. The US Census estimates that housing vacancy rates in McHenry are at 6.2%, while the occupancy rate is at 93.8%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in McHenry may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in McHenry than in other cities.

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