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. Late spring to late summer is typically considered the high season, while fall, winter, and early spring are when prices are usually at their lowest. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that day. 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.
The price difference between high and low seasons in Greenwood is minimal, which means you shouldn't have to worry about huge rate changes from one season to the next. If you'd still like to play it safe, which of course is always a good idea, one way to guard against seasonal price changes is by setting up an agreement with the facility to pay a single rate for your entire rental period. The lowest prices on self storage in Greenwood can be found during the month of March, with an average price of $22.67, while the most expensive month is December, with an average price of $69.67.
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. One of the best pieces of advice we can give customers looking for the cheapest storage in their area is to expand the breadth of their search. While it's true that accessing the unit will be more cumbersome the farther it is away, the potential savings could make you complacent with any extra inconvenience. However, if self-storage (often called mini storage or public self storage) in Greenwood is relatively cheap for the area then searching farther afield might do little good. So how do prices in Greenwood stack up to the rest of the state?
Greenwood's average price of $42.46 a month for a unit ranks it as the 25th most expensive city for self-storage in Indiana, which itself ranks as the 27th most expensive state for storage. To give you a better idea of what this means, Greenwood's average price is $23.23 less than the state average of $65.69.
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. In order to establish some kind of index of affordability for Greenwood storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. A storage unit in Greenwood will on average cost 1.11% of a median earner's monthly income, given that the yearly median income in Indiana is $46,020.00. As a percentage of monthly income this is very cheap compared to other cities in Indiana, ranking at the 11th percentile statewide, allowing us to say that storage in Greenwood is extremely affordable.
The same holds true on a national scale, where storage in Greenwood is comparatively very cheap, ranking at the 21st percentile among cities nationwide. To put that in more concrete terms, storage in Greenwood should cost an average of $29.69 less than the national average price of 72.15.
Some communities are home to plenty of storage businesses, offering those looking for storage a wide variety of choices, while other communities are less-well served and may need to expand their search into neighboring cities and suburbs. When it comes to the number of facilities operating in Greenwood, how many options are available?
In total, 5 Greenwood storage businesses have listed themselves on our self-storage facility network. On the state level, the average city in Indiana is home to approximately 9 self-storage businesses, meaning that Greenwood, with 4 less than that, offers few facilties relative to the rest of its state. It makes sense then that Greenwood is only the 18th largest city for storage out of all 29 cities in Indiana listed on our network, containing only 1.87% of all facilities in the state. Similarly, there are few storage facilities in Greenwood on a national scale: 4 fewer than the national average of 9, to be exact.
But how does Greenwood compare to the rest of Indiana and the nation on a per capita basis? After all, not controlling for population makes most city comparisons obsolete. Greenwood, IN has approximately 48,320 inhabitants. Do the 5 storage businesses there offer the community enough storage space? Greenwood, as it turns out, has fewer storage facilities than is typical of a city its size. Cities with a population of 25,000 to 50,000 have an average 7 facilities, 2 more than Greenwood's 5. That Greenwood has few facilities for its size seems to be further substantiated when we look at Greenwood's actual per capita storage facility coverage. The 48,320 people living in Greenwood have access to 5 self-storage facilities, which puts them in the 27th percentile for facilities per capita nationwide. That's not a very high rank, meaning that Greenwood doesn't offer a ton of storage businesses for its 48,320 residents to choose from. Does Greenwood perform any better in terms of per capita facilities for cities in Indiana? Apparently even then the city is somewhat low on storage space, only ranking in the 7th percentile for facilities per person in Indiana.
Another thing about Greenwood we feel we should mention is that it's growing, and rapidly, having seen its population increase by 31.5% between the 2000 and 2010 census, a 24.9% higher growth rate than the 6.6% the state of Indiana experienced as a whole. With its low level of facilities per person combined with the large number of people moving into town, Greenwood could be experiencing some very high levels of demand for storage units, making availability low and prices high.
If this is your first time searching for a storage unit in Greenwood you might not know what kind of prices to expect. Average prices varying as they do from place to place, the only valuable comparison you can make is with other storage facilities in the area. That's why we've had our analysts at SelfStorage.com analyze all the data you might need to find a cheap unit in Greenwood.
The average price of a self storage unit in Greenwood is $42.46 a month. Over the period of a year, that would cost approximately $509.52, in case you're thinking of renting for a longer period of time. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. Larger units can be more than twice as expensive as the smaller sizes. The standard sizes of storage available in Greenwood include 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. The average prices for each size of storage unit found in Greenwood are:
|Storage Unit Size||Average Price in Greenwood, IN|
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, Greenwood had an average home value of $193,000 which in the past year is up 0.107%.