Vero Beach, FL Self Storage: FAQ
Are areas of Vero Beach more expensive for storage units than others?
Storage prices on one side of Vero Beach can be totally different on the other side of the city. Storage is cheapest in the 32966 ZIP code in Vero Beach, where the average rental price is $112.98. You probably won't be finding the best deal on storage in the 32962 ZIP code in Vero Beach, which with an average price of $308.96 a unit is the priciest place in town.
How much does a Vero Beach, FL storage unit typically cost?
If this is your first time searching for a storage unit in Vero Beach you might not know what kind of prices to expect. You can't even use past experiences booking storage elsewhere, as average prices will be totally different in other cities, even other cities in FL. There's no need to fret, however, as our analysts have gone through the data and have all the statistics on storage in Vero Beach that you might need.
Self storage units in Vero Beach go for an average monthly price of $99.5. If you're thinking of renting a unit for the long term, that's approximately $1194 per year. However, it's important to note that this is the average for all storage unit sizes. Larger units can be more than twice as expensive as the smaller sizes. In Vero Beach you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. By size, the average prices in Vero Beach are:
|Storage Unit Size||Average Price in Vero Beach, FL|
Are storage prices in Vero Beach relatively low?
As storage prices are closely tied to local real estate prices, it makes sense that rental rates can often differ substantially even in neighboring cities. 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 extra drive to the facility could very well be worth the monthly savings. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Vero Beach to see how it compares with other cities in its state.
With its average price of $99.5 a month for a unit, Vero Beach is the 38th most expensive city for self-storage in the state of Florida, which itself is the 15th most-expensive state for storage. In general, storage units in Vero Beach go for $20.87 more 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 Vero Beach is $99.5 and the median income in Florida is $45,281.00 a year, we can determine that a storage unit would require 2.64% of a median earner's monthly paycheck. When compared to storage price as a percent of income in other cities in Florida, Vero Beach ranks in the 78th percentile, meaning that storage here is quite expensive.
In addition, storage in Vero Beach is also very expensive on the national scale, ranking at the 84th percentile compared to other cities across the nation. Nationwide, storage costs an average $72.15 a month. Expect to pay about $27.35 more than that for self storage in Vero Beach.
How many self storage locations are there in Vero Beach, FL? How much storage coverage is there for a city that size?
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 Vero Beach, how many options are available?
There are 12 total storage facilities in Vero Beach, FL on the SelfStorage.com network. 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 2 less than those in Vero Beach. If we were to rank Vero Beach among the other 173 cities in Florida, it would come out as the 39th largest market for self storage, accounting for a surprising 0.73% of all facilities in the state. Outside of Florida, Vero Beach still has a sizeable supply of storage facilities, 3 more than the 9 that other cities across the nation average.
But of course, comparing the raw number of storage facilities in Vero Beach to other cities in Florida and nationwide without taking population into account tells us very little. Vero Beach, FL has approximately 17,305 inhabitants. Do the 12 storage businesses there offer the community enough storage space? Considering that cities with populations of 10,000 to 25,000 average 6 storage facilities, we feel fully confident in saying that Vero Beach--which offers 6 more facilities--has plenty of extra storage space for its size. Indeed, that Vero Beach has a good number of storage facilities for its population is corroborated once more when we look at its per person facility count. The 17,305 people who call Vero Beach home should have little trouble finding the extra storage space they need, as the city's facilities per capita rank it in the 84th percentile nationwide, indicating a very high number of storage businesses. Compared to other cities in its state, Vero Beach still offers its inhabitants more storage space than most other cities, placing at the 85th percentile for Florida cities.
Before drawing the topic of storage facilities per capita to a close, we think it important to bring the fact that Vero Beach has been experiencing a shrinking population to the table. Vero Beach had 2% less people in 2010 than it did in 2000. The state of Florida, however, had 17.6% more. Combine the fact that fewer people are moving to Vero Beach relative to the rest of its state with the high number of storage facilities per capita and you get the recipe for a high supply, low demand storage market, making it a great place to search for and find a storage unit.
The unit in Vero Beach, FL I I had planned on booking jumped in price from November to May. Is this a regular seasonal change, and if so, what's the best month to book a unit?
As self storage is a seasonal industry, the rates you're seeing now may be very different from those on the same unit at the same facility a few months down the road. The low season generally lasts from October through March, with prices kicking up in April and hitting their high from May to September. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. 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.
Other cities experience a lesser degree of seasonality than Vero Beach does, the difference in price between its high and low seasons being slightly greater than average. In cities such as Vero Beach that have highly-seasonal prices, its often a good idea to agree on a length of stay and a single monthly rate with the facility, and to get that agreement down in writing. May is the most expensive month for storage in Vero Beach, with an average price of $149. The cheapest prices on storage in Vero Beach can be found during the month of November, where the average cost of a unit is $35.
VERO BEACH SELF STORAGE: THE BOTTOM LINE
Are you trying to reserve a strikingly cheap self storage unit in Vero Beach, FL? November offers the cheapest prices on storage, while the top bargains will be located in the 32966 ZIP code. Do your best to avoid searching in May, when units are at their highest average price, and be warned that the 32962 area has the worst prices.