If you're searching for self storage in Oak Forest, there are a few things you should keep in mind. If you're wondering how much you should expect to pay for self storage in Oak Forest, consider the fact that storage prices are closely related to factors like the real estate climate, the economic prospects of the city, and population growth. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Oak Forest.
If there are many people moving to or from Oak Forest, prices could be higher than in other cities. That's because self storage if often used as part of a home move. Population changes over time are one way of gauging the amount of moving activity in Oak Forest. The Oak Forest metro area grew from 27,983 persons in 2010 to 28,174 persons in 2014 according to the US Census, an increase of 0.68%.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Oak Forest. Low rates of vacancy in Oak Forest housing could indicate that real estate is in short supply. Self storage units in Oak Forest may then also be in short supply, which means Oak Forest storage unit prices may be higher. The US Census estimates that housing vacancy rates in Oak Forest 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 Oak Forest may also be lower. Low vacancy allows storage facilities to charge higher rent, so a cheap storage unit could be trickier to find in Oak Forest than in other cities.
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