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. When it comes to the number of facilities operating in Palm Springs, how many options are available?
There are 10 total storage facilities in Palm Springs, CA on the SelfStorage.com network. Other cities in California are home to an average 9 facilities, 1 less than Palm Springs, meaning Palm Springs's storage coverage is slightly-higher than average. Palm Springs also boasts the 69th highest count of storage facilities out of all 253 cities in California, making up 0.46% of the state's facility count. When compared against the national average of 9 storage facilities in each city, Palm Springs still offers a full 1 more than the average.
'But what about self storage facilities per capita?', you might be thinking. Comparing Palm Springs to other cities in California irrespective of population does, indeed, make little sense. So how does Palm Springs, with its population of 48,181, compare to cities with similar populations? Comparing Palm Springs to other cities in the 25,000 to 50,000 population bracket, we find that Palm Springs has a few more facilities than average. That bracket's average is 7 facilities per city, 3 less than what can be found in Palm Springs. When we next look at Palm Springs's actual per person self-storage facility count, our former conclusions seem to be substantiated beyond any reasonable doubt: the Palm Springs community has plenty of facilities for its size. With 10 facilities for its 48,181 residents, Palm Springs ranks in the 50th percentile for self-storage facilities per person in cities nationwide. In other words, there's a pretty good amount of storage for each person in Palm Springs. The same goes for Palm Springs when we compare it to other cities in California: just as it achieves a high rank for per capita storage facilities versus cities nationwide, it ranks in the 78th percentile for cities in California.
We feel we should also mention the fact that Palm Springs has seen large population increases in the past decade, jumping 12.1% from 2000 to 2010. That's 2.1% more than the 10% growth the state of California saw in total. The new demand created by population growth might overwhelm the storage industry in some cities, but keep in mind that despite that growth, Palm Springs still offers a high number of facilities per person and should thus be better equiped to meet any added demand.
Storage rental rates are highly seasonal, with prices often fluctuating widely throughout the year. Late spring to late summer is typically considered the high season, while fall, winter, and early spring are when prices are usually at their lowest. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Other cities experience a lesser degree of seasonality than Palm Springs does, the difference in price between its high and low seasons being slightly greater than average. This makes it particularly important to find a unit at a good, low price, then to lock in that price for the duration of your stay. Shop for self storage in Palm Springs during January to get the best price, when units go for an average of $45.48. Prices reach their highest in May, which at an average price of $133.4 a month you might want to avoid.
Storage prices on one side of Palm Springs can be totally different on the other side of the city. The best prices on storage in Palm Springs can be found in the 92262 ZIP code. Units there average $103.19 a month. On the other hand, the 92264 ZIP code is the highest-priced area of Palm Springs to rent a storage unit, with rental rates averaging $130.85 a month.
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. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. In order to help you know whether or not to expand your search, the analysts at SelfStorage.com have done the math to figure out whether self-storage (also called mini storage or public self storage) in Palm Springs is relatively more or less expensive than other cities.
Palm Springs's average price of $45.48 a month for a unit ranks it as the 219th most expensive city for self-storage in California, which itself ranks as the 9th most expensive state for storage. When searching for storage in Palm Springs, expect to pay $45.88 less than California's average price of $91.36.
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. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. In California, the median income is $54,681.00 a year, which would make the average $45.48 unit in Palm Springs cost 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 Palm Springs ranks at the 13th percentile.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Palm Springs are still very cheap, ranking at the 15th percentile in terms of relative expense. Nationwide, storage costs an average $72.15 a month. Expect to pay about $26.67 less than that for self storage in Palm Springs.
Your hunt for a cheap storage unit won't be easy if you don't know how much a unit in Palm Springs should cost. 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 Palm Springs that you might need.
Storage businesses in Palm Springs rent out their units at an average price of $45.48 a month. If you're considering a longer stay in your storage unit then at that rate you'd be paying approximately $545.76 per year. 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. The prices you'll actually see on units will largely depend upon their size. Self storage in Palm Springs comes in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Below you'll find the average monthly price per size:
|Storage Unit Size||Average Price in Palm Springs, CA|
Are you seeking an incredibly affordable self storage unit in Palm Springs, CA? January is when prices are lowest on storage, while the greatest discounts will be found in the 92262 ZIP code. The worst time of the year to look for storage is May, when the cost of storage is at its apogee and beware that the 92264 area is the most expensive part of town for storage.
Palm Springs, CA self storage typically costs between $49 and $340 a month. Storage is currently in stock.
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, Palm Springs had an average home value of $369,000 which in the past year is up 0.254%.