Self Storage in Largo: FAQ
What's the average price of a storage unit in Largo?
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Largo should cost in the first place. Your past experiences booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be $100 higher than the next. In order to help you along your storage search the analysts at SelfStorage.com have crunched the numbers and processed the data so that you can know what kind of prices to expect.
In Largo the average monthly rental rate for a storage unit is $78.5. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $942 a year. Note that this is the average price regardless of size and shouldn't be taken too literally. There can be, and often are, substanial price differences between different unit sizes. In Largo you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Here are the average rental rates for each standard size in Largo:
|Storage Unit Size||Average Price in Largo, FL|
Is storage in Largo more expensive than other cities?
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. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. You might have to spend more on gas getting out to that unit, but the savings you'll be building up could totally compensate for that. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Largo to see how it compares with other cities in its state.
Largo's average price of $78.5 a month for a unit ranks it as the 66th most expensive city for self-storage in Florida, which itself ranks as the 15th most expensive state for storage. To give you a better idea of what this means, Largo's average price is $0.13 less than the state average of $78.63.
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. Given that the average price of a storage unit in Largo is $78.5 and the median income in Florida is $45,281.00 a year, we can determine that a storage unit would require 2.08% of a median earner's monthly paycheck. As a percentage of income, storage costs rank at the 61st percentile among cities in Florida, making Largo more expensive than most cities.
When placed on a national scale and compared to cities across the country, storage prices in Largo are still somewhat expensive, ranking at the 70th percentile in terms of relative expense. Expect to pay $6.35 more than the national average of $72.15 when searching for self storage in Largo.
Are storage rental rates seasonal? Do storage unit prices in Largo, FL change depending on the time of year?
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 day after Memorial Day (which those in the moving and storage industries often refer to as 'Crazy Tuesday') is typically seen as the start of the high season and is frequently the most expensive day to rent storage during that season. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
Expect the price of a storage unit to remain relatively stable throughout the year in Largo. According to our numbers, seasonal demand is not as extreme here as in other cities on our network. Still, booking during the low season and locking in your price with the facility is an important part of getting a good deal on self storage. Shop for self storage in Largo during March to get the best price, when units go for an average of $46.75. Prices reach their highest in June, which at an average price of $93.13 a month you might want to avoid.
Which areas of Largo are the cheapest for renting storage units? Which areas are the most expensive?
Storage prices on one side of Largo can be totally different on the other side of the city. Searching for storage in the 33773 ZIP code should yield the cheapest rental rates, as units there average $87.22 a month, lower than anywhere else in Largo. The most expensive part of town to rent storage in is the 33778 ZIP code, where rates average $109.35 per month.
How many self storage facilities are there in Largo, FL? Are there plenty of options available?
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. So how many self-storage businesses are operating in Largo?
According to the data on our facility network, there are 20 storage businesses operating in Largo, FL. This is a very high number of facilities for a city in Florida, where the average city is home to approximately 10 self-storage businesses, a full 10 less than those in Largo. Largo accounts for a surprising 1.21% of all facilities listed in Florida, coming in at 23rd out of 173 cities in terms of facility count. Outside of Florida, Largo still has a sizeable supply of storage facilities, 11 more than the 9 that other cities across the nation average.
But making comparisons between any cities, whether it be comparing Largo to its neighbors in Florida or on a national scale, isn't a very fruitful excercise when we ignore a city's population. How, then, does Largo with its 73,215 people compare to cities of a like size? The average number of facilities listed on our storage network in cities with populations of 50,000 to 100,000 is 11. As Largo's facility count beats that by 9, we can establish that Largo has a bit more storage space than average for a city its size. One may of course argue that measuring Largo 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 Largo's facilities per person, which seems to have verified our former conclusions. On a national scale, Largo ranks moderately high for its self-storage facilities per capita, placing it in the 58th percentile. In other words, there should be plenty of extra storage space for the 73,215 people living there. Compared to other cities in its state, Largo still offers its inhabitants more storage space than most other cities, placing at the 59th percentile for Florida cities.
One more thing we'd like to note regarding Largo's storage facilities per capita is the fact that the city has seen part of its population trickle away over the past few years. From 2000 to 2010, Largo's population fell by 1.7%. This is in contrast to the rest of Florida, which in total took on a 17.6%-larger population over the same period. With a lower growth in population than the rest of Florida and a high number of facilities per person for the state, Largo should be a great place to find a storage unit.
LARGO SELF STORAGE: THE BOTTOM LINE
Are you seeking out an exceptionally cheap self storage unit in Largo, FL? March is the best month to find cheap storage, while units are cheapest in the 33773 ZIP code. The worst time to search for storage is during June, and be warned that the 33778 area has the worst prices.