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. 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 single busiest day for self-storage businesses is typically the notorious 'National Moving Day' (which facility operators have dubbed 'Crazy Tuesday' for the chaotic scene at many facilities) the day after Memorial Day. 5x5 and 5x10 units often see wider seasonal swings, primarily due to college students renting these smaller sizes when they leave town for the summer. College towns will be particularly affected by this.
Self storage prices in Loveland 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. Still, booking during the low season and locking in your price with the facility is an important part of getting a good deal on self storage. October is the most expensive month for storage in Loveland, with an average price of $111.25. The cheapest prices on storage in Loveland can be found during the month of January, where the average cost of a unit is $52.62.
As storage prices are closely tied to local real estate prices, it makes sense that rental rates can often differ substantially even in neighboring cities. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. Though you may have to travel farther to access your unit, the additional savings might just be worth it. But on the other hand, if we can show that self-storage (commonly known as mini storage or public self storage) is cheaper in Loveland than its surroundings, there's no reason to waste time looking elsewhere.
Loveland's average price of $52.62 a month for a unit ranks it as the 25th most expensive city for self-storage in Colorado, which itself ranks as the 17th most expensive state for storage. When searching for storage in Loveland, expect to pay $25.21 less than Colorado's average price 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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. The median income in Colorado is $60,381.00, which means the average storage unit in Loveland would require 1.05% of a median earner's monthly income. As a percentage of the local median income this is very cheap compared to other cities in Colorado, ranking Loveland at the 20th percentile statewide. We feel comfortable then saying that self-storage in Loveland is extremely affordable.
Loveland self-storage prices are very cheap on the national scale as well. When compared with cities on our national network they rank in the 17th percentile. Expect to pay $19.53 less than the national average of $72.15 when searching for self storage in Loveland.
Scoring an excellent price on a storage unit in Loveland often comes down to knowing what kind of price range to expect. Past experience booking storage in other cities can be misleading, as average prices will be totally different in other cities--even other cities in CO. That's why our analysts have crunched the numbers so that you will be able to know what to expect before you begin your storage search.
The average rental rate of a self storage unit in Loveland is $52.62 a month. That's roughly $631.44 a year, for those of you whose need for storage is of a lengthier nature. 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 price gap between the smallest unit sizes and the largest can be very significant. Self storage in Loveland comes in these standard sizes: 5x10, 10x10, 10x15, 10x20, and 10x30. By size, the average monthly rates in Loveland are:
|Storage Unit Size||Average Price in Loveland, CO|
The more facilities there are in the area you're searching, the more options you'll have. So how many storage businesses are located in Loveland?
17 storage facilities in Loveland, CO are listed on SelfStorage.com's facility network. Other cities in Colorado are home to an average 12 facilities, 5 less than Loveland, meaning Loveland's storage coverage is slightly-higher than average. Furthermore, Loveland accounts for a full 4.71% of facilities in Colorado and ranks as the 7th-largest storage market out of all 30 cities in Colorado. Even by national standards, Loveland boasts a large number of facilities, 8 more than the national average of 9 facilities in each city.
On the other hand, comparing the total number of storage facilities in one city to another irrespective of the number of people that live in each city makes little sense, even when we're comparing Loveland to other cities in Colorado. Approximately 66,214 people live in Loveland, CO. Is that a large population for a city with 17 self-storage facilities, or a small one? It turns out that Loveland actually does have a decent amount of storage space for its size, with a few more facilities than average. Cities with populations of 50,000 to 100,000 average 11 storage facilities, 6 fewer than in Loveland. Loveland's above average number of facilities seems to be substantiated when we look at the actual per capita number of facilities. Among cities nationwide, Loveland ranks in the 56th percentile for the number of storage units per capita, offering its 66,214 residents a moderately-high amount of storage space. Compared to other cities in its state, Loveland still offers its inhabitants more storage space than most other cities, placing at the 58th percentile for Colorado cities.
Another thing about Loveland we feel we should mention is that it's growing, and rapidly, having seen its population increase by 27.6% between the 2000 and 2010 census, a 10.7% higher growth rate than the 16.9% the state of Colorado experienced as a whole. Thankfully, Loveland's robust number of storage facilities per person should be able to handle any extra demand created by a large influx of new residents.
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, Loveland had an average home value of $252,000 which in the past year is up 0.065%.