Tips for Finding Self Storage in Merrillville, IN
If you're searching for self storage in Merrillville, there are a few things you should keep in mind. Merrillville 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 Merrillville to help inform your Merrillville self storage search.Merrillville, IN Self Storage and Moving
Self storage is commonly used as a secure place to store one's belongings when moving into a new home. If there's a high amount of moving activity in Merrillville, that could affect storage unit pricing and availability. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Merrillville we can get a better idea of the amount of moving activity. The Merrillville metro area grew from 34,975 persons in 2010 to 35,450 persons in 2014 according to the US Census, an increase of 1.36%.The Relationship Between Real Estate and Self Storage in Merrillville, IN
One way to get an idea of the demand for housing and storage space in Merrillville is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Merrillville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Merrillville area. Merrillville is estimated to have a 92.3% housing occupancy rate, while the vacancy rate is at 7.7%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Merrillville, suggesting that storage unit inventory might also be tighter in Merrillville. With fewer units available, storage facilities in Merrillville may charge higher prices.