Finding Self Storage in Morton Grove, IL: Everything You Need To Know
There are a few things you should know about Morton Grove self storage before you begin your search. Morton Grove 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. In order to give you a better idea of these factors in Morton Grove, we pulled in data from the US Census.Morton Grove, IL Self Storage and Moving
Many people use storage as part of their move, so if there are many people moving to Morton Grove, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Morton Grove, we should be able to get an idea of how many people are moving to or from the city. According to the US Census, the Morton Grove metro area's population grew from 23,294 in 2010 to 23,497 in 2014, a growth rate of 0.87%.The Real Estate Climate and Self Storage in Morton Grove, IL
Vacancy and occupancy rates in the Morton Grove housing market can help us gauge the demand for living space and thus self-storage space in Morton Grove, and may hint at storage availability and pricing. If there's low vacancy rates in Morton Grove housing, there's likely low vacancy at Morton Grove storage facilities. This would allow storage facilities in Morton Grove to charge higher prices for their units. According to US Census estimates, 95.5% of housing units in Morton Grove are occupied, while the vacancy rate is at 4.5%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Morton Grove, suggesting that storage unit inventory might also be tighter in Morton Grove. With fewer units available, storage facilities in Morton Grove may charge higher prices.