Self Storage in Newark, DE: Frequently Asked Questions
How many options are there in terms of different storage facilities in Newark, DE?
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. So how many storage facilities are there in Newark?
Based on our data, we estimate that there are about 13 storage facilities doing business in the Newark, DE area. Delaware averages 5 facilities per city, meaning that Newark is home to 8 more facilities than others in its state, which is of course a significantly-high number. Out of all 8 cities in Delaware listed on the SelfStorage.com network, Newark ranks as the 1st-highest in terms of number of storage businesses, accounting for 30.96% of facilities. How does Newark fare against cities outside of Delaware? On a national scale, it still has more facilities than the average city, 4 more than the average 9, to be more precise.
But of course, comparing the raw number of storage facilities in Newark to other cities in Delaware and nationwide without taking population into account tells us very little. Do the 13 self storage facilities in Newark offer the 30,371 people living there enough extra storage space? How does Newark compare to similarly-sized cities? Considering that the average city that falls in the 25,000 to 50,000 population bracket has 7 self storage facilities, we can conclude that Newark, which boasts 6 more, has a fairly-high amount of storage space for its size. One may of course argue that measuring Newark against cities of a like size isn't the best yardstick and does not prove that there are plenty of storage facilities for the number of people who live there. In order to address these concerns we've looked at Newark's facilities per person, which seems to have affirmed our former conclusions. Newark ranks in the 72nd percentile for self-storage facilities per capita nationwide, meaning that compared to other cities across the country, Newark has a decent amount of storage space. But though Newark performs well on the national stage, other cities in Delaware perform better. In fact, Newark's facilities per capita only score it a position at the 28th percentile for cities in Delaware, meaning that other cities in the state offer their populations much more storage space.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that Newark is seeing some modest population growth. The city saw 3.4% more people move there from 2000-2010. Though that's not insignificant, it is 11.2% less growth than the 14.6% that Delaware in total saw. There might then indeed be less demand for storage in Newark created by people moving into town, but at the same time there's already less storage per person than in other cities in Delaware, so the curent population faces an already-low supply.
How does the price of a storage unit in Newark compare with other cities?
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. It could indeed be that a facility just a mile or two outside of town offers a much lower rate, but you won't find that facility unless you include a wider area in your search. Depending on how often you'll need to access your unit, this could be the way to go. Knowing whether or not you should look in nearby cities depends on whether or not self-storage (sometimes called mini storage or public self storage) in those cities is less expensive than in Newark. We've gone ahead and figured that out for you.
Newark is the 8th most expensive city for self storage in the state of Delaware, with the average price of a storage unit there coming in at $34. Delaware itself is the 7th most expensive state for storage. When searching for storage in Newark, expect to pay $62.40 less than Delaware's average price of $96.4.
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. Given that the average price of a storage unit in Newark is $34 and the median income in Delaware is $55,808.00 a year, we can determine that a storage unit would require 0.73% of a median earner's monthly paycheck. As a percentage of monthly income this is very cheap compared to other cities in Delaware, ranking at the 0th percentile statewide, allowing us to say that storage in Newark is extremely affordable.
The same holds true on a national scale, where storage in Newark is comparatively very cheap, ranking at the 4th percentile among cities nationwide. Nationwide, storage costs an average $72.15 a month. Expect to pay about $38.15 less than that for self storage in Newark.
Do prices on Newark, DE self storage change depending on the time of year? Should I wait until a more ideal month to book a unit?
Self storage prices are highly seasonal, with rental prices often fluctuating widely throughout the year. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. Known to some in the industry as 'Crazy Tuesday,' the day following Memorial Day is typically the busiest of the year for storage and brings the high season into full swing. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
Compared with other cities, Newark experiences a somewhat higher level of seasonality, with prices between low and high seasons differing to a greater degree than in many cities. To avoid these seasonal changes as much as possible, try to lock in a rate during the slow season that will remain unchanged through the high season. Those looking for self storage in Newark will find the lowest prices in February, with its average price of $34. August, however, is the most expensive month, averaging $145.
Which neighborhoods in Newark offer the cheapest rates on self storage? Which offer the most expensive prices?
Certain areas of Newark can be significantly cheaper or more expensive for storage than others. Those trying to find the cheapest storage in Newark would do well by looking at facilities in the 19711 ZIP code, where storage units go for an average of $85.67 a month, the cheapest in all of Newark. Storage prices are highest within the 19702 ZIP code of Newark, where rentals average $127.50 a month.
What's the average rental rate for storage units in Newark, DE?
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Newark should cost in the first place. 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 prevent you from going into your storage search unprepared, we here at SelfStorage.com have prepared the numbers you need to know.
In Newark the average monthly rental rate for a storage unit is $34. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $408 a year. This average does encompass all storage unit sizes, so it should be taken with a large grain of salt. Larger units can be more than twice as expensive as the smaller sizes. The standard sizes of storage available in Newark include 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Newark, DE|
NEWARK SELF STORAGE: THE BOTTOM LINE
Are you trying to find a very inexpensive self storage unit in Newark, DE? February is the best time to find inexpensive storage, and the best place to look for cheap storage is the 19711 ZIP code. If you can, try not to conduct your storage search during August, when units are at their priciest, and be aware that the 19702 area is the most expensive in Newark for storage.