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Finding Self Storage in Park Ridge, IL: Top Tips

There are a few things you should know about Park Ridge self storage before you begin your search. Storage unit prices and availability in Park Ridge are determined by many different factors, including real estate, population growth, the wealth of the local population, the current economic climate, and more. Using US Census data, we've pieced together a better picture of those factors as they relate to self storage in Park Ridge.

Park Ridge, IL Moving and Storage

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 Park Ridge, prices could be higher and availability lower. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Park Ridge we can get a better idea of the amount of moving activity. The US Census tells us that the metro area population of Park Ridge grew from 37,515 in 2010 to 37,856 in 2014, which is a rate of 0.91% growth over four years.

The Real Estate Climate and Self Storage in Park Ridge, IL

Housing occupancy and vacancy rates in Park Ridge can help us get a better idea of how much demand there is for living and storage space in Park Ridge and thus the kind of storage prices and availability we should expect to find. If housing occupancy rates in Park Ridge are high, it's probably safe to assume that storage facility occupancy rates in Park Ridge are also high, which would push unit prices up. According to US Census estimates, 93.9% of housing units in Park Ridge are occupied, while the vacancy rate is at 6.1%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Park Ridge, suggesting that storage unit inventory might also be tighter in Park Ridge. With fewer units available, storage facilities in Park Ridge may charge higher prices.