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Everything You Need to Know About Finding Self Storage in Shelbyville, IL

Just starting your Shelbyville self storage search? There are a few things you should know. The pricing and availability of storage units in Shelbyville 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 Shelbyville, we pulled in data from the US Census.

Shelbyville, IL Moving and Storage

Many people use storage as part of their move, so if there are many people moving to Shelbyville, you might expect storage prices to be higher and unit availability to be lower. By looking at population changes in Shelbyville, we should be able to get an idea of how many people are moving to or from the city. US Census data tells us that the Shelbyville metro area's population shrank from 4,700 in 2010 to 4,662 in 2014, a decline of -0.81%.

Real Estate and Self Storage in Shelbyville, IL

Vacancy and occupancy rates in the Shelbyville housing market can help us gauge the demand for living space and thus self-storage space in Shelbyville, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Shelbyville, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Shelbyville area. Shelbyville is estimated to have a 90.7% housing occupancy rate, while the vacancy rate is at 9.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Shelbyville, suggesting that storage unit inventory might also be tighter in Shelbyville. With fewer units available, storage facilities in Shelbyville may charge higher prices.