It's nearly impossible to know what a good monthly rate on a storage unit is if you don't know what kind of prices to expect in Fresno. Since storage prices can change dramatically from one town to the next, the only real comparison you can make is with other facilities in the immediate area. But you needn't fret, need to fret,as our analysts have sifted through the data and have all the figures on storage in Fresno that you might need.
In Fresno, self storages rents at an average rate of $50 a month. At that rate, staying in a unit for a year would cost about $600, in case you need storage for a long period of time. Keep in mind that that average rate does not differentiate between the different unit sizes, and so should be taken with a sizeable grain of salt. Prices for the various unit sizes are, of course, very different from each other. The standard sizes of storage units in Fresno are: 5x5, 5x10, 10x10, 10x15, and 10x20. The average rental rates for each size of storage unit found in Fresno are:
|Storage Unit Size||Average Price in Fresno, CA|
It's not uncommon for another community a few miles down the road to offer substanial savings on storage compared to the rates in your community. A more expansive search could help uncover some hidden storage gems. Sure, it might be more of a pain to drive to the facility, but hundreds of dollars in potential savings might alleviate that. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Fresno to see how it compares with other cities in its state.
Fresno's average price of $50 a month for a unit ranks it as the 211th most expensive city for self-storage in California, which itself ranks as the 9th most expensive state for storage. In general, storage units in Fresno go for $41.36 less than the state average of $91.36.
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. That's why we've developed a 'relative price' scale that takes state median income into account. In California, the median income is $54,681.00 a year, which would make the average $50 unit in Fresno cost 1.1% of a median earner's monthly income. As a percentage of the local median income this is actually a very cheap price to pay for self-storage. Indeed, when compared to other cities in California, the relative price of self-storage in Fresno ranks at the 14th percentile.
The same holds true on a national scale, where self-storage rates in Fresno are comparatively very cheap, ranking in at the 20th percentile among cities on our nationwide network. To put that in more concrete terms, storage in Fresno should cost an average of $22.15 less than the national average price of 72.15.
Some communities are home to plenty of storage businesses, offering those looking for storage a wide variety of choices, while other communities are less-well served and may need to expand their search into neighboring cities and suburbs. In terms of the number of storage businesses in Fresno, are there plenty of options available, or few?
Analysts at SelfStorage.com report that there are an estimated 49 storage facilities located in the Fresno area. If we compare this to other cities in California, which average 9 facilities per city, Fresno offers 40 more--quite the substantial number. Out of all 253 cities in California listed on the SelfStorage.com network, Fresno ranks as the 5th-highest in terms of number of storage businesses, accounting for 2.24% of facilities. Even by national standards, Fresno boasts a large number of facilities, 40 more than the national average of 9 facilities in each city.
But of course, there are vast differences in population between Fresno and other cities in California, and even more so nationwide, so not controlling for population makes little sense. Are the 49 facilities in Fresno sufficient at supplying the 479,918 people who call it home with enough extra storage space? Upon examining how Fresno's number of self-storage businesses compared with cities of a similar size, we found Fresno to be perfectly average. Cities in the 250,000 to 1,000,000 population range average 49 facilities each, a number which Fresno also happens to share. But does comparing Fresno with other cities with populations of 250,000 to 1,000,000 really tell us if Fresno's 49 facilities offer enough storage space for the 479,918 living there? Or would the number of facilities per person be a better measure? The 49 facilities in Fresno for its 479,918 residents rank it in the 26th percentile for storage facilities per capita among cities across America. That's a relatively-low rank, and seems to indicate that there's not a whole lot of extra storage space in Fresno for those 479,918 people living there. Is Fresno still relatively low on storage space compared to other cities in California? Indeed, it seems as if it is, as Fresno only ranks in the 48th percentile for per capita storage space among cities in California.
Another thing about Fresno we feel we should mention is that it's growing, and rapidly, having seen its population increase by 11.4% between the 2000 and 2010 census, a 1.4% higher growth rate than the 10% the state of California experienced as a whole. Add that high rate of population growth to a low number of storage businesses per capita and you have a recipe for some very high levels of storage demand in Fresno, accompanied by high prices and low availability.
Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of the year. This seasonality, which is primarily generated by national moving patterns, hits its zenith in the late spring and early summer, and its nadir in the fall and winter. 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. Those looking for storage in areas with a large population of college students might find that seasonality affects prices on smaller unit sizes in particular, as students book 5x5s and 5x10s to store their things while they go home for the summer.
Self storage prices in Fresno are not nearly as affected by seasonal changes as other cities are, meaning there's a greater likelihood you'll find stable year-round prices. If you'd still like to play it safe, which of course is always a good idea, one way to guard against seasonal price changes is by setting up an agreement with the facility to pay a single rate for your entire rental period. April is the most expensive month for storage in Fresno, with an average price of $99.19. The cheapest prices on storage in Fresno can be found during the month of May, where the average cost of a unit is $48.51.
Storage prices often follow real estate trends, which means that certain areas of Fresno can be significantly more or less expensive than others. You'll find the best prices on storage in the 93727 ZIP code, which averages $62.56 a month for a storage unit. Fresno's priciest place for storage lies within the 93722 ZIP code, where storage rental rates are an average $93.63 a month.
Are you searching for the single best price on a self storage unit in Fresno, CA? May is the best time to find cheap storage, while the best bargains will be located in the 93727 ZIP code. The least optimal time to search for storage is in April, when unit prices are at their highest, and be conscious of the fact that the 93722 area is pricier than other areas.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Fresno had an average home value of $205,000 which in the past year is up 0.195%.