Storage prices on one side of Bristol can be totally different on the other side of the city. The cheapest place for storage space in Bristol is within the 24202 ZIP code. The average unit there goes for $95.73 a month. Units rent at the highest price in the 6010 ZIP code, where they average $163.46 a month.
Just like real estate prices, prices on storage can be totally different in different parts of the same city. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. 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 the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Bristol, then you'll definitely want to expand your search. So is it?
Bristol is the 11th most expensive city for self storage in the state of Connecticut, with the average price of a storage unit there coming in at $129.5. Connecticut itself is the 4th most expensive state for storage. To give you a better idea of what this means, Bristol's average price is $30.33 more than the state average of $99.17.
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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. Given that the average price of a storage unit in Bristol is $129.5 and the median income in Connecticut is $66,748.00 a year, we can determine that a storage unit would require 2.33% of a median earner's monthly paycheck. According to our calulations, this makes Bristol quite the expensive place to rent a storage unit, its price as a percent of income coming in at the 76th percentile of all cities in Connecticut.
The same holds true on a national scale, where storage in Bristol is comparatively very expensive, ranking at the 78th percentile among cities nationwide. To put that in more concrete terms, storage in Bristol should cost an average of $57.35 more than the national average price of 72.15.
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. Storage prices generally reach their peak during the period from May to September, coinciding with moving season. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Bristol is not as affected by seasonality as other cities, with storage prices experiencing smaller price fluctuations than elsewhere. Still, hunting for storage during the cheapest month of the year is always a great way to find a good deal. October is the least expensive month for storage in Bristol, with an average price of $75.5 for a storage unit. February is the most expensive month, when storage goes for an average rate of $154.
You'll have a tough time telling a good deal on storage in Bristol from a great one if you don't know what storage in Bristol normally costs. After all, storage prices can vary widely from place to place, so the only comparison you can make is with other facilities in the area. That's why the analysts at SelfStorage.com have crunched the numbers so that you can know what to expect before you begin your storage search.
Storage rentals in Bristol have an average montly rate of $129.5. For those long-term storage seekers, that's about $1554 per year. Do keep in mind, though, that that average is for all unit sizes in Bristol together, so comparing it to individual units will do you little good. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. There are six standard sizes of storage units in Bristol, including: 5x5, 5x10, 10x10, 10x15, and 10x20. Below you'll find the average price by each size:
|Storage Unit Size||Average Price in Bristol, CT|
The more facilities there are in the area you're searching, the more options you'll have. So are there a large or small number of storage businesses operating in Bristol?
5 storage facilities in Bristol, CT are listed on SelfStorage.com's facility network. The average city in Connecticut is home to about 3 storage facilties, 2 less than what can be found in Bristol, meaning Bristol has a reasonably-large number of facilities. It should come as no surprise then that Bristol has the 10th-highest count of facilities out of all 43 cities on our network in Connecticut, acting as home to 3.82% of facilities in Connecticut. Bristol's facility count doesn't look quite so high when it's placed on a national scale, where it's 4 facilities below the national average of 9.
But of course, comparing the raw number of storage facilities in Bristol to other cities in Connecticut and nationwide without taking population into account tells us very little. So how does Bristol, with its population of 61,027, compare to cities with similar populations? For its 50,000 to 100,000 population bracket, Bristol comes a bit under the mark in terms of number of self-storage facilities. Cities in this bracket average 11 facilities, 6 more than what can be found in Bristol. We've further verified Bristol's relative lack of storage space by examining its per capita count of facilities. The 5 self-storage businesses serving Bristol rank it in the 20th percentile for facilities per person nationwide. That low rank indicates that there are very few storage businesses serving the 61,027 residents of Bristol compared to other cities, which may make finding the right storage unit for you a more difficult task. Does Bristol perform any better in terms of per capita facilities for cities in Connecticut? Apparently even then the city is somewhat low on storage space, only ranking in the 29th percentile for facilities per person in Connecticut.
Lastly, census data shows that Bristol is growing in population, though not as fast as the rest of its state. It saw a 1.2% increase from 2000 to 2010, a 3.7% less than the 4.9% growth that Connecticut saw as a whole. Remember, though, that while relatively fewer people are moving into Bristol and generating additional demand for storage, there's already a shorter supply of that storage than in most other cities in Connecticut, as Bristol had a low level of facilities per capita for its state.
Do you want to book a suprisingly-low price on a self storage unit in Bristol, CT? The lowest rates can be found during October within the 24202 ZIP code. Try not to start your search in February, when unit prices are at their highest, and be warned that the 6010 area is the most expensive in Bristol for storage.
Bristol self storage typically costs between $64.5 and $217.5 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, Bristol had an average home value of $161,900 which in the past year is down 0.015%.