There are a few things you should know about North Chicago self storage before you begin your search. The pricing and availability of storage units in North Chicago 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 North Chicago, we pulled in data from the US Census.
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 North Chicago, that could affect storage unit pricing and availability. We can get a good idea of whether or not many people are moving to or from North Chicago by looking at the change in population. The North Chicago metro area saw its population decline from 32,584 persons in 2010 to 30,395 persons in 2014 according to the US Census, a decrease of -6.72%.
Vacancy and occupancy rates in the North Chicago housing market can help us gauge the demand for living space and thus self-storage space in North Chicago, and may hint at storage availability and pricing. If there's low vacancy rates in North Chicago housing, there's likely low vacancy at North Chicago storage facilities. This would allow storage facilities in North Chicago to charge higher prices for their units. 14.5% of housing units in North Chicago are vacant according to the US Census, while 85.5% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in North Chicago also have higher than average occupancy rates. High occupancy rates in North Chicago will make it more difficult to find a good deal on a storage unit.
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