Finding Self Storage in Troy, IL: Everything You Need To Know
Just starting your Troy self storage search? There are a few things you should know. Troy storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. The US Census keeps accurate data relating to all of these factors, so we've used their data on Troy to help inform your Troy self storage search.Troy, IL Self Storage and Moving
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 Troy, prices could be higher and availability lower. We can get a good idea of whether or not many people are moving to or from Troy by looking at the change in population. From 2010 to 2014, the Troy metro area population grew from 9,903 to 9,996, a growth rate of 0.94% according to the US Census.The Real Estate Climate and Self Storage in Troy, IL
Housing occupancy and vacancy rates in Troy can help us get a better idea of how much demand there is for living and storage space in Troy and thus the kind of storage prices and availability we should expect to find. If there's low vacancy rates in Troy housing, there's likely low vacancy at Troy storage facilities. This would allow storage facilities in Troy to charge higher prices for their units. 4.5% of housing units in Troy are vacant according to the US Census, while 95.5% are occupied. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Troy, suggesting that storage unit inventory might also be tighter in Troy. With fewer units available, storage facilities in Troy may charge higher prices.