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 Englewood. 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.
The average rental rate of a self storage unit in Englewood is $66.75 a month. That's roughly $801 a year, for those of you whose need for storage is of a lengthier nature. Don't, however, put too much weight on that number, as it does not discriminate by unit size. Units of different square footage can go for hundreds of dollars more or less than others, even in the same storage facility. Self storage in Englewood comes in these standard sizes: 5x5, 5x10, and 10x20. For each standard storage unit size, here's how much you should expect to pay per month in Englewood:
|Storage Unit Size||Average Price in Englewood, CO|
Storage rental rates are highly seasonal, with prices often fluctuating widely throughout the year. 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 is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
The difference between seasons is somewhat greater in Englewood than it is elsewhere, meaning you should be more wary of seasonal effects. To avoid these seasonal changes as much as possible, try to lock in a rate during the slow season that will remain unchanged through the high season. Those looking for self storage in Englewood will find the lowest prices in January, with its average price of $66.75. March, however, is the most expensive month, averaging $149.
Certain areas of Englewood can be significantly cheaper or more expensive for storage than others. The 34224 ZIP code offers the best rates on storage in Englewood, with an average price of $109.32 a month. The most expensive part of town to rent storage in is the 7631 ZIP code, where rates average $164.52 per month.
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. So how many self-storage businesses are operating in Englewood?
Industry experts at SelfStorage.com estimate that there are approximately 12 storage facilities servicing the Englewood, CO community. To put that number into a better perspective, the average city in Colorado also has 12 facilities, which puts Englewood in place as the 10th biggest market for storage out of the 30 cities in Colorado, with a 3.33% share of the state's total facilities. While Englewood may have been an average city in Colorado, if we compare it to cities on a national scale it actually has more storage facilities than average--3 more than the average 9, to be exact.
But of course, comparing Englewood to other cities in Colorado or across the nation regardless of population tells us very little. Englewood, CO has approximately 32,883 inhabitants. Do the 12 storage businesses there offer the community enough storage space? Cities with populations of 25,000 to 50,000 average 7 storage facilities, 5 fewer than Englewood's 12, which leads us to conclude that Englewood has a decent amount of storage space for a city its size. We've further confirmed Englewood's relative surplus of storage space by examining its per capita count of facilities. Englewood ranks in the 67th percentile for self-storage facilities per capita nationwide, meaning that compared to other cities across the country, Englewood has a decent amount of storage space. When it comes to cities in Colorado, Englewood still has a comparatively-high level of storage space per capita, ranking in at the 75th percentile.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that Englewood is seeing some modest population growth. The city saw 2.8% more people move there from 2000-2010. Though that's not insignificant, it is 14.1% less growth than the 16.9% that Colorado in total saw. Combine Englewood's lower population growth than the rest of Colorado with its above-average number of facilities per capita for the state, and you get a recipe for relatively low storage demand, which should make the job of finding a unit easier.
It's often the case that storage prices can swing to the opposite end of the spectrum within a few blocks in the same city, just as real estate values are liable to do. A more expansive search could help uncover some hidden storage gems. 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. If self-storage (often known as public self storage and mini storage) in Englewood is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
Englewood's average price of $66.75 a month for a unit ranks it as the 14th most expensive city for self-storage in Colorado, which itself ranks as the 17th most expensive state for storage. In general, storage units in Englewood go for $11.08 less than the state average of $77.83.
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. A storage unit in Englewood will on average cost 1.33% of a median earner's monthly income, given that the yearly median income in Colorado is $60,381.00. As a percentage of the local median income, storage costs rank at the 56th percentile among cities in Colorado, making Englewood more expensive than most cities.
But when you compare the price of self storage as a percent of income in Englewood with cities nationwide you get a very different result: it ranks at the 33rd percentile, making it relatively cheap to rent storage here. Nationwide, storage costs an average $72.15 a month. Expect to pay about $5.40 less than that for self storage in Englewood.
Are you looking for a highly affordable self storage unit in Englewood, CO? Look for the best bargains in January within the 34224 ZIP code. The worst month to look for storage is March, when storage prices climb the highest, and be warned that the 7631 area is the priciest.
Englewood self storage typically costs between $64 and $199 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, Englewood had an average home value of $232,000 which in the past year is up 0.074%.