Phoenix, AZ Self Storage: FAQ
One of the darlings of America's sunbelt region, Phoenix has been experiencing stellar growth for decades in a row. Part of that has to do with the climate, as Phoenix famously averages over 300 days of sunshine a year (though that climate does come at a price: Phoenix receives approximately 8 inches of rainfall a year, and the threat of drought is ever present). The rest of that growth was driven by Phoenix's strong economy, with companies like PetSmart and U-HAUL, along with many electronics companies, calling the city home. The city was one of the hottest housing markets in the early 2000s, but it also bore the brunt of that market's crash. Since then, the housing market has recovered as more and more people continue to move to Phoenix. If you're a Phoenician, this is nothing new to you. But do you know which neighborhoods offer the cheapest storage in Phoenix?
How much self-storage space is there in Phoenix? How many storage facilities are there per capita?
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? So are there a large or small number of storage businesses operating in Phoenix?
Based on our data, we estimate that there are about 100 storage facilities doing business in the Phoenix, AZ area. That's a signifcantly-higher number of facilities more than the average Arizona city offers. Other cities in the state average only 14 facilities, 86 less than what's available in Phoenix. Phoenix accounts for a surprising 18.8% of all facilities listed in Arizona, coming in at 1st out of 38 cities in terms of facility count. Phoenix isn't only a large storage market in terms of its state, either, as its 100 facilities give it 91 more than the national average of 9 facilities per city.
But of course, comparing Phoenix to other cities in Arizona or across the nation regardless of population tells us very little. Are the 100 facilities in Phoenix sufficient at supplying the 1,593,659 people who call it home with enough extra storage space? It turns out that Phoenix actually does have a decent amount of storage space for its size, with a few more facilities than average. Cities with populations of 1,000,000 and above average 50 storage facilities, 50 fewer than in Phoenix. Our conclusion that Phoenix has plenty of facilities for its population, however, seems to be contradicted by its per capita facility count. Among storage facilities across the United States, Phoenix ranks in the 13th percentile for self-storage facilities per resident. That extremely-low rank indicates a low amount of self storage space for the 1,593,659 inhabitants of Phoenix, meaning the securing your ideal storage unit could be more difficult in Phoenix than it is in other cities. Is Phoenix still relatively low on storage space compared to other cities in Arizona? Indeed, it seems as if it is, as Phoenix only ranks in the 16th percentile for per capita storage space among cities in Arizona.
Finally, it also seems that Phoenix is undergoing a modest level of population growth. According to the US Census, Phoenix grew by 20% from 2000 to 2010, which, though not insignificant, is 4.6% less than the 24.6% growth Arizona saw. Phoenix's low growth rate may mean that, with fewer incoming residents than elsewhere in Arizona, the demand for storage is lower, but let's not forget that Phoenix already has relatively few facilities for its size., meaning demand from the local population might be just as high.
Which parts of Phoenix are the most inexpensive for self-storage units? Which parts are the costliest?
Just as home prices will differ from neighborhood to neighborhood in Phoenix, so will self-storage rates. The cheapest neighborhood for storage space in Phoenix is within the 85021 ZIP code. The average unit there goes for $68.90 a month. The costliest part of town to rent storage in is the 85029 ZIP code, where rates average $120.28 per month.
Self storage prices in Phoenix, AZ seem to spike sharply during the month of July. If that's the most expensive month, which one is cheapest?
Self storage prices are highly seasonal, with rental prices often fluctuating widely throughout the year. The high season lasts from late spring to late summer, the most popular period for those moving into a new home. Known to some in the industry as 'Crazy Tuesday,' the day following Memorial Day is typically the busiest of the year for storage and brings the high season into full swing. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Phoenix, according to our data, is virtually unaffected by seasonality relative to other cities, with lower highs and higher lows relative to what other cities experience. 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. The best month to go searching for storage in Phoenix is December, when the average unit goes for a low $47.93 a month. The worst month, on the other hand, is July, when units hit a high of $63.67.
Is self storage in Phoenix expensive?
Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. But is it worth expanding your search, or is self-storage (commonly called mini storage or public storage) cheaper in Phoenix than its surroundings? We asked the analysts at SelfStorage.com to find out.
Phoenix's average price of $48.04 a month for a unit ranks it as the 26th most expensive city for self-storage in Arizona, which itself ranks as the 25th most expensive state for storage. In general, storage units in Phoenix go for $22.04 less than the state average of $70.08.
These average prices don't necessarily tell you how affordable storage in one city is compared to another, as the cost of living changes from place to place. In order to establish some kind of index of affordability for Phoenix storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. A storage unit in Phoenix will on average cost 1.19% of a median earner's monthly income, given that the yearly median income in Arizona is $48,498.00. This is a somewhat-low percentage of income to spend on storage compared to prices in other cities, ranking at the 32nd percentile among cities in Arizona, meaning storage here is pretty cheap.
When placed on a national scale and compared to cities across the country, storage prices in Phoenix are still very cheap, ranking at the 25th percentile in terms of relative expense. 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 $24.11 less than that for self storage in Phoenix.
How much does a self storage unit in Phoenix cost?
How can you hunt for a cheap storage unit if you don't know how much one in Phoenix should cost? Since the average price of storage can be over $100 different between two cities in the same state, any past experiences booking storage elsewhere will be little help here. That's why, in order to make sure you go into your storage search as well-informed as possible, we've gone ahead and gathered the data for you.
In Phoenix the average monthly rental rate for a storage unit is $48.04. For those long-term storage seekers, that's about $576.48 per year. Do keep in mind, though, that that average is for all unit sizes in Phoenix together, so comparing it to individual units will do you little good. Larger units can be more than twice as expensive as the smaller sizes. In Phoenix you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard size, here's how much you might expect to pay per month in Phoenix:
|Storage Unit Size||Average Price in Phoenix, AZ|
THE BOTTOM LINE ON PHOENIX SELF STORAGE:
Are you trying to find an ultra-cheap self storage unit in Phoenix, AZ? The lowest rates can be found during December within the 85021 ZIP code. The worst time to search for storage is during July, when unit prices are at their zenith, and be conscious of the fact that the 85029 area is the priciest.