Finding Self Storage in Naperville, IL: Everything You Need To Know
Just starting your Naperville self storage search? There are a few things you should know. The pricing and availability of storage units in Naperville 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. In order to give you a better idea of these factors in Naperville, we pulled in data from the US Census.Moving and Storage in Naperville, IL
Many people use storage as part of their move, so if there are many people moving to Naperville, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Naperville by looking at the change in population. The US Census tells us that the metro area population of Naperville grew from 142,300 in 2010 to 146,128 in 2014, which is a rate of 2.69% growth over four years.The Relationship Between Real Estate and Self Storage in Naperville, IL
One way to get an idea of the demand for housing and storage space in Naperville is to look at housing occupancy and vacancy rates. High occupancy rates can indicate a lack of housing supply in Naperville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Naperville area. The US Census estimates that housing vacancy rates in Naperville are at 4.3%, while the occupancy rate is at 95.7%. That's a lower vacancy rate than the average for cities in the United States, and suggests that storage facility vacancy in Naperville may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Naperville than in other cities.