Self Storage in Melbourne: FAQ
Are self storage prices in Melbourne, FL lower in certain seasons? Should I book my unit in the spring, summer, fall or winter to get the best deal?
Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of the year. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. Sometimes called 'National Moving Day' or 'Crazy Tuesday', the day following Memorial Day is typically the busiest for storage businesses and the highest point of the high season. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
Analysts at SelfStorage.com have found that seasonal price changes on self storage in Melbourne are marginally higher than in other cities, with a greater average difference between low and high seasons. Those looking for storage here should try to hedge against these fluctuations by locking in their monthly rate. Shop for self storage in Melbourne during April to get the best price, when units go for an average of $22. Prices reach their highest in December, which at an average price of $145 a month you might want to avoid.
Where can I find the cheapest prices on self-storage units in Melbourne, Florida?
Storage prices often follow real estate trends, which means that certain areas of Melbourne can be significantly more or less expensive than others. Those trying to find the cheapest storage in Melbourne would do well by looking at facilities in the 32935 ZIP code, where storage units go for an average of $99.93 a month, the cheapest in all of Melbourne. On the other hand, the 32904 ZIP code is the most expensive area of Melbourne to rent a storage unit, with rental rates averaging $107.40 a month.
How many self-storage facilities do you offer in Melbourne? Is there enough coverage to meet the population's demand?
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 are there a large or small number of storage businesses operating in Melbourne?
According to our estimates, there are approximately 15 storage businesses operating facilities in Melbourne. On average, cities in Florida are home to only about 10 storage facilities, a full 5 less than Melbourne's 15, meaning coverage in Melbourne is reasonably high. Indeed, Melbourne ranks as the 31st city out of the 173 cities on our network in Florida in terms of number of storage facilities, accounting for a whopping 0.91% of facilities in the state. How does Melbourne fare against cities outside of Florida? On a national scale, it still has more facilities than the average city, 6 more than the average 9, to be more precise.
But how does Melbourne compare to the rest of Florida and the nation on a per capita basis? After all, not controlling for population makes most city comparisons obsolete. How, then, does Melbourne with its 77,483 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 Melbourne's facility count beats that by 4, we can establish that Melbourne has a bit more storage space than average for a city its size. It is important to note that comparing cities of like size might not be the best measure, and that a more accurate conclusion might be had by looking at how many facilities there are for Melbourne's 77,483 people--a figure which seems to have challenged our finding that there's plenty of storage to be had there. Per capita, Melbourne places in the 48th percentile for storage facilities among cities across the United States. In other words, there are relatively few storage businesses serving the local Melbourne market for its size, so extra storage space might be harder to find here. If we restrict our scope down to the state level, we get similar results: for cities in Florida, Melbourne only ranks in the 46th percentile, meaning that Melbourne has little per capita storage space even compared to other cities in its state.
Our discussion of facilities per capita can't be completed without mentioning Melbourne's modest population growth from 2000-2010, a period over which it took on 5.9% more people. That's a 11.7%-lower growth rate than Florida, which grew by 17.6%, saw as a whole. Melbourne's low growth rate may mean that, with fewer incoming residents than elsewhere in Florida, the demand for storage is lower, but let's not forget that Melbourne already has relatively few facilities for its size., meaning demand from the local population might be just as high.
On average, what should I expect to pay for a storage unit in Melbourne?
It's impossible to know what a good deal on storage is if you don't know what kind of prices to expect in Melbourne. 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.
Rental rates average $39 a month for a storage unit in Melbourne. For those long-term storage seekers, that's about $468 per year. This average does encompass all storage unit sizes, so it should be taken with a large grain of salt. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. The standard sizes of storage available in Melbourne include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. In Melbourne, the average price for each standard size is:
|Storage Unit Size||Average Price in Melbourne, FL|
Is storage in Melbourne more expensive than other cities?
Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. The extra drive to the facility could very well be worth the monthly savings. If self-storage (often known as public self storage and mini storage) in Melbourne is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
Melbourne's average price of $39 a month for a unit ranks it as the 151st 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, Melbourne's average price is $39.63 less than the state average of $78.63.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. 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. The median income in Florida is $45,281.00, which means the average storage unit in Melbourne would require 1.03% of a median earner's monthly income. When compared to the price of storage as a percent of income in all Florida cities, Melbourne ranks at the 11th percentile, meaning that storage here is extremely affordable.
The same holds true on a national scale, where storage in Melbourne is comparatively very cheap, ranking at the 16th 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 $33.15 less than that for self storage in Melbourne.
MELBOURNE SELF STORAGE: THE BOTTOM LINE
Are you trying to reserve a strikingly affordable self storage unit in Melbourne, FL? April is your best bet for renting cheap storage, while the cheapest area for storage is within the 32935 ZIP code. The absolute worst time to look for storage is December, the priciest month of the year for storage, and be alert to the fact that the 32904 area is the priciest.