Scoring an excellent price on a storage unit in Santa Barbara often comes down to knowing what kind of price range to expect. 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. To prevent you from going into your storage search in the dark, the analysts at SelfStorage.com have prepared the numbers you need to know.
You should expect to pay an average of $41 a month for self storage in Santa Barbara. If you're considering a longer stay in your storage unit then at that rate you'd be paying approximately $492 per year. Note that this average disregards the different unit sizes and so shouldn't be taken too literally. There often are substanial price gaps between the various unit sizes. In Santa Barbara you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, For each standard unit size, the average rental rate in Santa Barbara is:
|Storage Unit Size||Average Price in Santa Barbara, CA|
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. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. Sure, it might be more of a pain to drive to the facility, but hundreds of dollars in potential savings might alleviate that. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Santa Barbara, then you'll definitely want to expand your search. So is it?
An average price of $41 a month for a storage unit makes Santa Barbara the 227th most expensive city in California for self-storage, while California itself is the 9th most expensive state. When searching for storage in Santa Barbara, expect to pay $50.36 less than California's average price of $91.36.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. In order to establish some kind of index of affordability for Santa Barbara storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. Given that the average price of a storage unit in Santa Barbara is $41 and the median income in California is $54,681.00 a year, we can determine that a storage unit would require 0.9% of a median earner's monthly paycheck. As a percentage of the local median income this is very cheap compared to other cities in California, ranking Santa Barbara at the 10th percentile statewide. We feel comfortable then saying that self-storage in Santa Barbara is extremely affordable.
In addition to being very cheap at the state level, storage in Santa Barbara is also very cheap on the national scale, ranking at the 10th percentile when compared to other cities nationwide. Nationwide, storage costs an average $72.15 a month. Expect to pay about $31.15 less than that for self storage in Santa Barbara.
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. When it comes to the number of facilities operating in Santa Barbara, how many options are available?
In total, 15 Santa Barbara storage businesses have listed themselves on our self-storage facility network. Other California cities have an average of 9 facilities on our network, 6 less than Santa Barbara, which leads us to conclude that Santa Barbara offers a moderately-high number of facilities. It makes sense then that Santa Barbara is also the 32nd largest in terms of facilities out of all 253 cities in California listed on our storage network, accounting for approximately 0.69% of self storage facilities listed in that state. Santa Barbara also has a large number of facilities for a city on the national scale, with 6 more facilities than the national average of 9.
But of course, there are vast differences in population between Santa Barbara and other cities in California, and even more so nationwide, so not controlling for population makes little sense. How, then, does Santa Barbara with its 86,353 people compare to cities of a like size? Santa Barbara, as it turns out, has a moderately-high amount of storage space for a city its size. The average for cities in its 50,000 to 100,000 population bracket is 11 facilities, which is, of course, 4 fewer than Santa Barbara's 15. But if we look at the number of facilities per person in Santa Barbara, our story begins to change: indeed, these figures seem to have disputed our claim that Santa Barbara has a large number of self-storage facilities per person. Compared to cities across the US, Santa Barbara ranks in the 44th percentile for storage facilities per person. In other words, there's not exactly a ton of extra storage space for its 86,353 inhabitants. Though it only ranks in the 44th percentile nationally, Santa Barbara scores much higher for facilities per capita in California, ranking in the 73rd percentile among other cities in its state.
Related to the topic of storage facilities per capita is that of population growth--or, in Santa Barbara's case, the lack thereof. Santa Barbara saw its population fall by 3.5% over the first decade of this century, while California as a whole saw its total population jump by 10%. On top of that relatively-low population growth, Santa Barbara offers a high number of storage businesses for the size of its population, meaning there should be no shortage of storage supply in Santa Barbara.
If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. 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. 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.' If you're looking for a storage unit in a location with a large student population, be aware that your high season might see an even greater lift in prices than elsewhere, as students often book a large number of units during the summer.
Compared with other cities, Santa Barbara experiences a somewhat higher level of seasonality, with prices between low and high seasons differing to a greater degree than in many cities. 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. The best month to go searching for storage in Santa Barbara is February, when the average unit goes for a low $38.6 a month. The worst month, on the other hand, is September, when units hit a high of $136.
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, Santa Barbara had an average home value of $1,075,000 which in the past year is up 0.230%.