Self Storage in Madison, AL: Frequently Asked Questions
What's the best time of year to book self storage in Madison, AL?
The self storage market being of a seasonal nature, the prices on offer at the moment could be substantially different from those you'll see two months from now. The high season typically begins in April or May and lasts till August or September, with prices dropping back down to their lowest in the late fall and winter. The high season comes into full swing on the day after Memorial Day, which is such a popular time to rent storage that those in the industry have taken to calling it 'Crazy Tuesday.' 5x5 and 5x10 units often see wider seasonal swings, primarily due to college students renting these smaller sizes when they leave town for the summer. College towns will be particularly affected by this.
Seasonality seems to be a very low factor in Madison self storage prices, with little change between high and low season prices. Despite the low level of seasonality, those looking for a self storage unit may still want to lock in their price at the time of booking. Your chances of getting a low price on a storage unit in Madison are highest during December, when the average rental rate drops to a low $50.67. Your chances are lowest during November, which with an average price of $102.5 is the most expensive time to book a unit.
Which ZIP codes in Madison have the best bargains on self storage? Which have the highest rates?
Just as real estate prices do, storage prices can change from one block in Madison to the next. Look for a cheap unit in the 35758 ZIP code, where the average price of $85.55 is the lowest in Madison. Storage is most expensive in the 53704 ZIP code, where you should expect to pay about $115.71 a month for a unit.
Are there a large number of storage facilties in Madison, AL? Should I have an easy time finding the unit I need?
When it comes to finding self-storage, the more really is the merrier: more storage businesses in your area means more unit options available, and more options mean a greater chance you'll be able to choose a unit that satisfies your storage needs. So how many self-storage businesses are operating in Madison?
15 storage facilities in Madison, AL are listed on SelfStorage.com's facility network. Madison's 15 facilities make it one of the larger cities for storage in Alabama: the state average is 13 facilities per city, 2 less than what's available in Madison. Indeed, Madison ranks as the 10th city out of the 26 cities on our network in Alabama in terms of number of storage facilities, accounting for a whopping 4.35% of facilities in the state. And Madison doesn't just have a lot of storage facilities for its state, either: it also surpasses the national average of 9 facilities per city by 6.
But of course, comparing Madison to other cities in Alabama or across the nation regardless of population tells us very little. We ought to be comparing Madison, with its population of 39,875, to cities of similar size. The average number of storage businesses listed on our network in cities with populations of 25,000 to 50,000 is 7. As Madison has a whopping 8 more storage facilities than that, we can conclude that Madison has plenty of extra storage space for its size. That Madison has few facilities for its size seems to be further verified when we look at Madison's actual per capita storage facility coverage. On a per capita basis versus other cities nationwide, Madison ranks in the 68th percentile, meaning that it offers its residents a somewhat-large amount of storage space. Just as Madison appears to have a large amount of storage space per person compared to cities across the nation, the same goes when we restrict the comparison to Alabama, where Madison lands in the 52nd percentile for facilities per capita among cities in the state.
In discussing facilities per capita, we also feel that we should mention the fact that Madison's population is growing, and by a significant margin. Its population saw a 33.8% increase in the first decade of this century, which is 26.3% more than the 7.5% increase the whole state of Alabama experienced. But even if Madison's growth in population has caused a surge in demand, keep in mind that the city still, even after all that growth, has a good number of facilities per capita, which may balance out the population surge.
On average, how much does a storage unit in Madison rent for?
Self storage rates being as highly-dependent on the real estate market as they are, it should come as no surprise that prices can change dramatically within the space of a few miles. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. The sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. However, if self-storage (often called mini storage or public self storage) in Madison is relatively cheap for the area then searching farther afield might do little good. So how do prices in Madison stack up to the rest of the state?
Madison's average price of $63 a month for a unit ranks it as the 9th most expensive city for self-storage in Alabama, which itself ranks as the 42nd most expensive state for storage. When searching for storage in Madison, expect to pay $6.04 more than Alabama's average price of $56.96.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. In Alabama, the median income is $42,407.00 a year, which would make the average $63 unit in Madison cost 1.78% of a median earner's monthly income. This is a somewhat-large percentage of income compared to other cities in Alabama, ranking in at the 70th percentile statewide. We have to conlude from this that storage in Madison is relatively expensive.
The same holds true on a national scale, where storage in Madison is comparatively somewhat expensive, ranking at the 58th percentile among cities nationwide. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $9.15 less than that for self storage in Madison.
What's a typical price for a storage unit in Madison?
It's impossible to know what a good deal on storage is if you don't know what kind of prices to expect in Madison. You can't even use past experiences booking storage elsewhere, as average prices will be totally different in other cities, even other cities in AL. But there's no need to worry: we here at SelfStorage.com have all the data to help you go into your storage search well-informed.
In Madison the average monthly rental rate for a storage unit is $63. To put that into perspective for those thinking of renting a unit for a year or more, that's about $756 per year. It's important to note here that that average price does include all standard storage unit sizes. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. In Madison you'll have the option of booking six standard storage unit sizes, such as 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard size, the average price in Madison is:
|Storage Unit Size||Average Price in Madison, AL|
MADISON SELF STORAGE: THE BOTTOM LINE
Are you trying to reserve a surprisingly inexpensive self storage unit in Madison, AL? The best bargains can be found during December within the 35758 ZIP code. You should avoid searching in November, and be cognizant of the fact that the 53704 area is pricier than other areas.