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Finding Self Storage in New Lenox, IL: Top Tips

If you're searching for self storage in New Lenox, there are a few things you should keep in mind. Storage unit prices and availability in New Lenox are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. In order to give you a better idea of these factors in New Lenox, we pulled in data from the US Census.

Self Storage and Moving in New Lenox, IL

One of the primary uses of self storage is as a safe place to keep your things between moving homes. If many people are moving to or from New Lenox, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from New Lenox by looking at the change in population. The New Lenox metro area grew from 24,430 persons in 2010 to 25,426 persons in 2014 according to the US Census, an increase of 4.08%.

Self Storage and Real Estate in New Lenox, IL

Vacancy and occupancy rates in the New Lenox housing market can help us gauge the demand for living space and thus self-storage space in New Lenox, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in New Lenox, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the New Lenox area. According to US Census estimates, 97% of housing units in New Lenox are occupied, while the vacancy rate is at 3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in New Lenox, suggesting that storage unit inventory might also be tighter in New Lenox. With fewer units available, storage facilities in New Lenox may charge higher prices.