It's often true that the same storage unit at the same storage facility will cost significantly more or less in April than it does in November. That's because self storage is a seasonal industry. 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. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. If you're looking for a storage unit in a location with a large student population, be aware that your high season might see an even greater lift in prices than elsewhere, as students often book a large number of units during the summer.
Seasonal highs and lows are less extreme in Round Lake than they are in other cities on the SelfStorage.com network, with prices staying relatively level throughout the year. Despite the low level of seasonality, those looking for a self storage unit may still want to lock in their price at the time of booking. February is the least expensive month for storage in Round Lake, with an average price of $54.5 for a storage unit. August is the most expensive month, when storage goes for an average rate of $126.14.
Searching storage in Round Lake without knowing how much a unit should cost is no way to go about finding a good price. Comparing rates at facilities you booked storage at in other cities can give the wrong expectations, as the average price for storage could be hundreds of dollars different in that location. To prevent you from going into your storage search in the dark, the analysts at SelfStorage.com have prepared the numbers you need to know.
In Round Lake, self storages rents at an average rate of $56.2 a month. Over the the length of a year, that would cost you about $674.4, in case you were considering renting for a longer period of time. Now, that number doesn't discriminate by unit size, instead averaging all together, so it shouldn't be taken as an incredibly accurate figure. Prices for the various unit sizes are, of course, very different from each other. The standard sizes of storage units in Round Lake are: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average monthly rental rates for each are:
|Storage Unit Size||Average Price in Round Lake, IL|
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. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. 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. 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 Round Lake. We've gone ahead and figured that out for you.
With its average price of $56.2 a month for a unit, Round Lake is the 76th most expensive city for self-storage in the state of Illinois, which itself is the 12th most-expensive state for storage. When searching for storage in Round Lake, expect to pay $28.16 less than Illinois's average price of $84.36.
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. In order to establish some kind of index of affordability for Round Lake storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. In Illinois, the median income is $51,483.00 a year, which would make the average $56.2 unit in Round Lake cost 1.31% of a median earner's monthly income. Compared to the price-as-percent-of-income in other Illinois locations, Round Lake ranks at the 33rd percentile, making self-storage here moderately affordable.
Round Lake self-storage prices are relatively cheap on the national scale as well. When compared with cities on our national network they rank in the 32nd percentile. Expect to pay $15.95 less than the national average of $72.15 when searching for self storage in Round Lake.
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. So does Round Lake offer plenty of options when it comes to different storage facilities?
There are 8 total storage facilities in Round Lake, IL on the SelfStorage.com network. On average, cities in Illinois have 5 facilities listed on our network, 3 less than Round Lake. This leads us to conclude that Round Lake has a somewhat-high number of facilities for being a city in Illinois. Indeed, Round Lake ranks as the 15th city out of the 119 cities on our network in Illinois in terms of number of storage facilities, accounting for a whopping 1.37% of facilities in the state. While Round Lake may be above average for its state, it's not on a national scale, coming in 1 below the national average of 9 facilities.
But of course, comparing Round Lake to other cities in Illinois or across the nation regardless of population tells us very little. The population of Round Lake, IL is 16,752. With 8 self-storage facilities, does Round Lake offer relatively good or bad storage coverage? Round Lake offers a slightly higher than average amount of storage space for its size: cities in the 10,000 to 25,000 population bracket have an average 6 storage facilities, 2 fewer than what can be found in Round Lake. We've further affirmed Round Lake's relative surplus of storage space by examining its per capita count of facilities. Round Lake places into the 75th percentile for storage facilities per person nationwide, meaning that the 16,752 people living there should have plenty of extra storage space. When it comes to cities in Illinois, Round Lake still has a comparatively-high level of storage space per capita, ranking in at the 88th percentile.
Another thing about Round Lake we feel we should mention is that it's growing, and rapidly, having seen its population increase by 177.9% between the 2000 and 2010 census, a 174.6% higher growth rate than the 3.3% the state of Illinois experienced as a whole. But even if the people moving into Round Lake have created a higher demand for storage units, the city's high number of facilities per capita should help meet that demand.
Round Lake self storage typically costs between $45 and $150 a month. Storage is currently in stock.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Round Lake had an average home value of $165,000 which in the past year is up 0.107%.