Tips for Finding Self Storage in Woodstock, IL
Before beginning your self storage search in Woodstock, there are a few things you should know. Storage unit prices and availability in Woodstock 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 Woodstock.Self Storage and Moving in Woodstock, IL
Many people use storage as part of their move, so if there are many people moving to Woodstock, you might expect storage prices to be higher and unit availability to be lower. We can get a good idea of whether or not many people are moving to or from Woodstock by looking at the change in population. From 2010 to 2014, the Woodstock metro area population grew from 24,843 to 25,178, a growth rate of 1.35% according to the US Census.Real Estate and Self Storage in Woodstock, IL
Vacancy and occupancy rates in the Woodstock housing market can help us gauge the demand for living space and thus self-storage space in Woodstock, and may hint at storage availability and pricing. High occupancy rates can indicate a lack of housing supply in Woodstock, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Woodstock area. 7.7% of housing units in Woodstock are vacant according to the US Census, while 92.3% are occupied. That's a higher rate than average for US cities, suggesting storage unit occupancy in Woodstock may also be higher. That might make it harder to find cheap storage in Woodstock.
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