Tips for Finding Self Storage in Swansea, IL

Just starting your Swansea self storage search? There are a few things you should know. Storage unit prices and availability in Swansea 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 Swansea.

If there are many people moving to or from Swansea, 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 Swansea. The US Census tells us that the metro area population of Swansea grew from 13,598 in 2010 to 13,651 in 2014, which is a rate of 0.39% growth over four years.

Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Swansea. High occupancy rates can indicate a lack of housing supply in Swansea, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Swansea area. Swansea is estimated to have a 94% housing occupancy rate, while the vacancy rate is at 6%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Swansea, suggesting that storage unit inventory might also be tighter in Swansea. With fewer units available, storage facilities in Swansea may charge higher prices.

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