Figuring out if a certain storage facility's offered price is any good is a hard call to make if you don't know how much a unit in Hobart ought to cost in the first place. Since the average price of storage can be over $100 different between two cities in the same state, any past experiences booking storage elsewhere will be little help here. But there's no need to worry: we here at SelfStorage.com have all the data to help you go into your storage search well-informed.
Expect to pay an average of $55 a month for a storage unit in Hobart. Over the period of a year, that would cost approximately $660, 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. In Hobart you'll have the option of booking six standard storage unit sizes, such as 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Hobart, IN|
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. 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. The single busiest day for self-storage businesses is typically the notorious 'National Moving Day' (which facility operators have dubbed 'Crazy Tuesday' for the chaotic scene at many facilities) the day after Memorial Day. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
Seasonality is not particularly pronounced in Hobart, meaning that month-to-month prices vary less than they do elsewhere. But even if price changes are less of a risk in Hobart, locking in a rate is almost always a smart, safe move. Storage prices are at their highest in Hobart during the month of July, where they hit an average price of $90, while prices are at their lowest in December, where they go for a low $37.5 a month.
Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. 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. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. 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 Hobart. We've gone ahead and figured that out for you.
Hobart is the 16th most expensive city for self storage in the state of Indiana, with the average price of a storage unit there coming in at $55. Indiana itself is the 27th most expensive state for storage. To give you a better idea of what this means, Hobart's average price is $10.69 less than the state average of $65.69.
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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. In Indiana, the median income is $46,020.00 a year, which would make the average $55 unit in Hobart cost 1.43% of a median earner's monthly income. When we compare this percentage to other cities in Indiana, we find that it ranks at the 40th percentile and is therefore a relatively cheap place to rent a storage unit.
Hobart storage prices are relatively cheap on the national scale as well. When compared with national cities they rank in the 39th percentile. 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 $17.15 less than that for self storage in Hobart.
The more facilities there are in the area you're searching, the more options you'll have. So how many storage facilities are there in Hobart?
Analysts at SelfStorage.com report that there are an estimated 4 storage facilities located in the Hobart area. Hobart's 4 facilities make it a super-lightweight when compared to other cities in Indiana. The average city in the state offers 9 storage businesses to choose between, 5 more than what Hobart offers. To put it into more perspective, that's only 1.5% of the facilities in Indiana listed on our storage network, which places Hobart as only the 21st largest city in terms of storage business count out of all 29 cities in Indiana. And just as Hobart is below the state average, it's also below the national average of 9 by 5 storage facilities.
But how does Hobart 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. Are the 4 storage facilities providing the 27,793 people living in Hobart with enough storage space? If we compare Hobart to other cities with populations of 25,000 to 50,000, we find that Hobart doesn't quite offer as much storage space as these others do. The average for cities in that bracket is 7, which of course beats Hobart by 3 facilities. One might point out that comparing Hobart to cities of a similar size doesn't prove its lack of storage for the size of the population, and that a better measure would be actually looking at its facilities per capita. Well, we have, and it has firmly confirmed our former results. Per person, Hobart ranks in the 38th percentile for self-storage facilities among cities across the nation. That means that 4 storage businesses serving a city of 27,793 people isn't a very high number, and indicates that finding the necessary storage space in Hobart could be more difficult than in other cities. How does Hobart compare to other cities in Indiana? Even when we restict the scope to other cities in its state, Hobart still only ranks at the 21st percentile for per capita storage facilities.
We feel we should also mention the fact that Hobart has seen large population increases in the past decade, jumping 9% from 2000 to 2010. That's 2.4% more than the 6.6% growth the state of Indiana saw in total. On top of the demand generated by an influx of new inhabitants, low levels of facilities per capita could drive demand for a storage unit in Hobart even higher.
Hobart self storage typically costs between $55 and $119 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, Hobart had an average home value of $114,900 which in the past year is up 0.048%.