Much like real estate values, storage prices can be totally different on one side of a city as they are on another. This should be of little surprise given storage's conection to the real estate industry. Storage facilities just on the periphery of your current search might have some great rental rates, and you'll only find them if you search a little more broadly. 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 Montrose than its surroundings, there's no reason to waste time looking elsewhere.
Montrose is the 17th most expensive city for self storage in the state of Colorado, with the average price of a storage unit there coming in at $63.33. Colorado itself is the 17th most expensive state for storage. In more exact terms, storage in Montrose costs an average of $14.50 less than the average storage unit in Colorado, which goes for 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. 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. A storage unit in Montrose will on average cost 1.26% of a median earner's monthly income, given that the yearly median income in Colorado is $60,381.00. This is actually a relatively low percentage of income to spend on a storage unit for a city in Colorado. Compared to other cities in the state it ranks at the 46th percentile.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Montrose are still relatively cheap, ranking at the 29th percentile in terms of relative expense. To put that in more concrete terms, storage in Montrose should cost an average of $8.82 less than the national average price of 72.15.
You'll won't have the easiest of times telling a good deal on storage in Montrose from a great one if you don't know what storage in Montrose usually rents for. Storage prices can shift dramatically from one city to another, so knowing the standard for a specific area can be difficult without prior experience booking storage there. That's why, in order to help you go into your storage search as knowledgeable as possible, we've had our storage analysts go over all the data on Montrose we have available.
In Montrose, self storages rents at an average rate of $63.33 a month. To give those thinking of renting storage for a year or more some better perspective, that's about $759.96 per anum. But before you go out and search for storage within the context of that figure, it's important to note here that that average price includes all standard sizes of storage units. Units of different square footage can go for hundreds of dollars more or less than others, even in the same storage facility. The standard sizes of storage units in Montrose are: 5x5, 5x10, and 10x20. The average rental rates for each size of storage unit found in Montrose are:
|Storage Unit Size||Average Price in Montrose, CO|
A greater number of storage facilities equates to more available storage space, so the number of facilities operating in your city will be one of the most important factors in your storage search. If I'm searching for storage in Montrose, should I expect plenty of available storage facilities, or only a few?
Based on our data, we estimate that there are about 18 storage facilities doing business in the Montrose, CO area. When compared to other cities in the state, Montrose offers a slightly-higher number of facilities, 6 more than the state average of 12 per city. In fact, Montrose's 18 facilities give it the 6th-highest count in the state out of all 30 cities. It's home to a surprising 4.99% of all facilities in Colorado. Outside of Colorado, Montrose still has a sizeable supply of storage facilities, 9 more than the 9 that other cities across the nation average.
But of course, there are vast differences in population between Montrose and other cities in Colorado, and even more so nationwide, so not controlling for population makes little sense. The population of Montrose, CO is 18,388. With 18 self-storage facilities, does Montrose offer relatively good or bad storage coverage? Cities with populations of 10,000 to 25,000 have, on average, 6 self-storage facilities listed on the SelfStorage.com network. Seeing that Montrose is home to 12 more facilities, we can say with confidence that it has a very high amount of storage space for its size. Per capita measures seem to have demonstrated our conclusion that Montrose is in possession of a healthy number of storage businesses for its size. Montrose places into the 89th percentile for storage facilities per person nationwide, meaning that the 18,388 people living there should have plenty of extra storage space. Is Montrose still a city with a fairly-large amount of storage space for its population compared to others in Colorado? Indeed, it is, placing into the 93rd percentile among cities in Colorado.
It also bears mentioning that Montrose saw a large amount of population growth in the past decade, growing by 41.2% from 2000 to 2010, a good 24.3% more growth than the 16.9% the state of Colorado experienced over the same period. Thankfully, Montrose's robust number of storage facilities per person should be able to handle any extra demand created by a large influx of new residents.
Montrose self storage typically costs between $30 and $85 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, Montrose had an average home value of $220,000 which in the past year is up 0.014%.