If you're searching for self storage in Mount Prospect, there are a few things you should keep in mind. The pricing and availability of storage units in Mount Prospect 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 Mount Prospect 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 Mount Prospect, 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 Mount Prospect we can get a better idea of the amount of moving activity. According to the US Census, the Mount Prospect metro area's population grew from 54,283 in 2010 to 54,951 in 2014, a growth rate of 1.23%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Mount Prospect. Low rates of vacancy in Mount Prospect housing could indicate that real estate is in short supply. Self storage units in Mount Prospect may then also be in short supply, which means Mount Prospect storage unit prices may be higher. The US Census estimates that housing vacancy rates in Mount Prospect are at 5.8%, while the occupancy rate is at 94.2%. That's a higher rate than average for US cities, suggesting storage unit occupancy in Mount Prospect may also be higher. That might make it harder to find cheap storage in Mount Prospect.
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