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 is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. National Moving Day (the day following Memorial Day) is typically seen as the first real day of the high season and is often the busiest day of the year for storage facilities. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
The difference between seasons is somewhat greater in Stamford than it is elsewhere, meaning you should be more wary of seasonal effects. If you know how long you'll be renting your unit, one way of avoiding seasonal price changes is by agreeing to pay a single rate for your entire stay. You're most likely to get a good deal on a storage unit in Stamford during the month of July, when the average price is at its lowest, $69 a month. You're least likely to get a good deal in September, when the average price is a high $192.1.
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. 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. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. If self-storage (often known as public self storage and mini storage) in Stamford is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
Stamford's average price of $73 a month for a unit ranks it as the 32nd most expensive city for self-storage in Connecticut, which itself ranks as the 4th most expensive state for storage. When searching for storage in Stamford, expect to pay $26.17 less than Connecticut's average price of $99.17.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. That's why we've developed a 'relative price' scale that takes state median income into account. In Connecticut, the median income is $66,748.00 a year, which would make the average $73 unit in Stamford cost 1.31% of a median earner's monthly income. This is actually a moderately-low percentage of income to spend on a storage unit: compared to other cities in Connecticut it ranks at the 26th percentile.
The same holds true on a national scale, where storage in Stamford is comparatively relatively cheap, ranking at the 32nd percentile among cities nationwide. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $0.85 more than that for self storage in Stamford.
Just as real estate prices do, storage prices can change from one block in Stamford to the next. Storage is cheapest in the 6902 ZIP code in Stamford, where the average rental price is $168.89. Units rent at the highest price in the 6907 ZIP code, where they average $175.54 a month.
If this is your first time searching for a storage unit in Stamford you might not know what kind of prices to expect. Since unit prices can change dramatically from one city to the next, the only real measure you have is other facilities in the immediate area. In order to make sure you don't go into your storage search unprepared, we've had our analysts comb through all the data on Stamford storage you might need.
On average, a storage unit in Stamford goes for $73 a month. To put that into perspective for those thinking of renting a unit for a year or more, that's about $876 per year. It's important to note here that that average price does include all standard storage unit sizes. You can, after all, end up paying twice as much for the larger unit sizes than the smaller sizes. Storage units in Stamford come in these standard sizes: 5x5, 5x10, 10x10, and 10x15. Below you'll find the average price by each size:
|Storage Unit Size||Average Price in Stamford, CT|
When it comes to finding self-storage, the more really is the merrier: more storage businesses in your area means more unit options available, and more options mean a greater chance you'll be able to choose a unit that satisfies your storage needs. When it comes to the number of facilities operating in Stamford, how many options are available?
Analysts at SelfStorage.com report that there are an estimated 5 storage facilities located in the Stamford area. That's slightly higher than most other cities in Connecticut, where each city averages 3 facilities, 2 less than what's available in Stamford. In fact, Stamford's 5 facilities give it the 10th-highest count in the state out of all 43 cities. It's home to a surprising 3.82% of all facilities in Connecticut. While Stamford certainly has moer facilities than most cities in its state, it's an underperformer on the national level, where it's under the national average of 9 by 4 facilities.
Since, however, there are huge disparities in population between Stamford and other cities in Connecticut, comparing the number of storage businesses in each tells us very little. We ought to be comparing Stamford, with its population of 121,026, to cities of similar size. It seems clear, upon investigation, that Stamford does in fact have a low number of storage facilities for its population. With 5 self-storage facilities it's 13 facilities below the average for cities in its 100,000 to 250,000 population bracket, which seems to indicate a low level of storage space. Stamford's below average number of facilities seems to be demonstrated when we look at the actual per capita number of facilities. In terms of facilities per capita, Stamford only ranks in the 7th percentile among cities on our storage network, which seems to indicate quite convincingly that the 5 storage businesses in Stamford is a very low number for a city of 121,026 people. How does Stamford compare to other cities in Connecticut? Even when we restict the scope to other cities in its state, Stamford still only ranks at the 12th percentile for per capita storage facilities.
In discussing facilities per capita, we also feel that we should mention the fact that though Stamford's population is growing, the rest of Connecticut is growing more. Stamford's population saw a 3% increase in the first decade of this century, 1.9% less than the 4.9% increase the whole state of Connecticut experienced. There might then indeed be less demand for storage in Stamford created by people moving into town, but at the same time there's already less storage per person than in other cities in Connecticut, so the curent population faces an already-low supply.
Are you searching for a surprisingly-cheap self storage unit in Stamford, CT? July is your best bet at finding inexpensive storage, while units are cheapest in the 6902 ZIP code. The worst month to look for storage is September, when unit prices reach their year-long summit, and be attentive to the fact that the 6907 area is pricier than other areas.
Stamford self storage typically costs between $105 and $248 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, Stamford had an average home value of $540,000 which in the past year is up 0.029%.