Just starting your North Pekin self storage search? There are a few things you should know. The pricing and availability of storage units in North Pekin 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 Pekin, we pulled in data from the US Census.
Many people use storage as part of their move, so if there are many people moving to North Pekin, 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 North Pekin by looking at the change in population. The US Census tells us that the metro area population of North Pekin grew from 1,569 in 2010 to 1,596 in 2014, which is a rate of 1.72% growth over four years.
One way to get an idea of the demand for housing and storage space in North Pekin is to look at housing occupancy and vacancy rates. If housing occupancy rates in North Pekin are high, it's probably safe to assume that storage facility occupancy rates in North Pekin are also high, which would push unit prices up. 5.6% of housing units in North Pekin are vacant according to the US Census, while 94.4% are occupied. The average occupancy rate in US cities is 89%, so it's likely the case that storage facilities in North Pekin also have higher than average occupancy rates. High occupancy rates in North Pekin will make it more difficult to find a good deal on a storage unit.
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