Self Storage in New Castle: FAQ
Are some parts of New Castle less pricey for storage units than others?
Prices on self storage in New Castle can change substantially with a few minutes drive in any direction. You'll find the best prices on storage in the 16101 ZIP code, which averages $69.58 a month for a storage unit. Storage prices are highest within the 19720 ZIP code of New Castle, where rentals average $130.96 a month.
How much should I expect to pay per month for my New Castle self storage unit?
Finding the best price on a storage unit in New Castle can be tough if you don't know what a good price is. Comparing facilities you booked storage at in other cities will do you little good, as the average price for storage could be hundreds of dollars different. 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 New Castle storage you might need.
The average price of a self storage unit in New Castle is $152.33 a month. To put that into perspective for those thinking of renting a unit for a year or more, that's about $1827.96 per year. Now, it should be noted that that average rate is for all sizes of units in New Castle, and so should not necessarily be used as a definitive yardstick. There can be, and often are, substanial price differences between different unit sizes. Storage units in New Castle come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Below you'll find the average price by each size:
|Storage Unit Size||Average Price in New Castle, DE|
What are the cheapest months to rent storage in New Castle, DE? Which months are most expensive?
Prices on self storage units can change dramatically from month to month over the course of the year, spiking higher or dipping lower depending on the season. The period between April and September is typically considered the high season for storage, while prices are lower the rest of the year, notably through October and March. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that day. Those looking for storage in areas with a large population of college students might find that seasonality affects prices on smaller unit sizes in particular, as students book 5x5s and 5x10s to store their things while they go home for the summer.
The seasonal price changes New Castle goes through are more extreme than most other cities. Keep seasonal changes at bay by signing your storage lease during the low season and then locking in that rate for your entire stay. Shop for self storage in New Castle during September to get the best price, when units go for an average of $32. Prices reach their highest in July, which at an average price of $169 a month you might want to avoid.
Is storage in New Castle more expensive than other cities?
It's often true that certain areas in a city offer much lower storage rental rates than others. That's why those looking for the best deal on a storage unit should expand the area of their search as far and wide as possible. 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. In order to help you know whether or not to expand your search, the analysts at SelfStorage.com have done the math to figure out whether self-storage (also called mini storage or public self storage) in New Castle is relatively more or less expensive than other cities.
An average price of $152.33 a month for a storage unit makes New Castle the 2nd most expensive city in Delaware for self-storage, while Delaware itself is the 7th most expensive state. In more exact terms, storage in New Castle costs an average of $55.94 more than the average storage unit in Delaware, which goes for 96.4.
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. 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. Given that the average price of a storage unit in New Castle is $152.33 and the median income in Delaware is $55,808.00 a year, we can determine that a storage unit would require 3.28% of a median earner's monthly paycheck. This is a very high percentage of income compared to other cities in Delaware, ranking in at the 85th percentile statewide, which leads us to conclude that storage in New Castle is not cheap.
In addition, storage in New Castle is also very expensive on the national scale, ranking at the 92nd percentile compared to other cities across the nation. Expect to pay $80.18 more than the national average of $72.15 when searching for self storage in New Castle.
How many self storage facilities are there in New Castle, DE? Are there plenty of options available?
The more facilities there are in the area you're searching, the more options you'll have. So how many storage facilities are there in New Castle?
In total, 4 New Castle storage businesses have listed themselves on our self-storage facility network. Our storage industry analysts also report that the average city in Delaware has about Delaware storage facilties currently serving the community, a full 1 more than what's on offer at New Castle. To put it into more perspective, that's only 9.53% of the facilities in Delaware listed on our storage network, which places New Castle as only the 5th largest city in terms of storage business count out of all 8 cities in Delaware. The same goes when we put New Castle on the national scale, where it has 5 facilities less than the national average of 9.
But of course, there are vast differences in population between New Castle and other cities in Delaware, and even more so nationwide, so not controlling for population makes little sense. Do the 4 self storage facilities in New Castle offer the 5,033 people living there enough extra storage space? How does New Castle compare to similarly-sized cities? Upon examining how New Castle's number of self-storage businesses compared with cities of a similar size, we found New Castle to be perfectly average. Cities in the 5,000 to 10,000 population range average 4 facilities each, a number which New Castle also happens to share. A more accurate way of measuring how much storage space there is for the 5,033 inhabitants of New Castle would be facilities per capita. On a national scale, New Castle falls into the 87th percentile for self-storage facilities per capita, meaning that there is a comparatively-large amount of storage space for its 5,033 residents. Among cities in Delaware, New Castle still has a high number of storage businesses listed on our network per inhabitant, ranking in at the 57th percentile statewide.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that New Castle is seeing some modest population growth. The city saw 1% more people move there from 2000-2010. Though that's not insignificant, it is 13.6% less growth than the 14.6% that Delaware in total saw. On top of that relatively-low population growth, New Castle offers a high number of storage businesses for the size of its population, meaning there should be no shortage of storage supply in New Castle.
NEW CASTLE SELF STORAGE: THE BOTTOM LINE
Do you want to book the single best deal on a self storage unit in New Castle, DE? September is the best month to find cheap storage, while units are cheapest in the 16101 ZIP code. Try not to start your search in July, which is the most expensive time to book a unit, and be cognizant of the fact that the 19720 area is the most expensive in town.