Certain areas of Terre Haute can be significantly cheaper or more expensive for storage than others. The best prices on storage in Terre Haute can be found in the 47802 ZIP code. Units there average $54.50 a month. Units rent at the highest price in the 47803 ZIP code, where they average $87.50 a month.
Before you go out looking for a cheap storage unit in Terre Haute, it's important that you know how much a unit in Terre Haute ususally costs. Your past experiences booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be $100 higher than the next. In order to make sure you don't go into your storage search unprepared, we've had our analysts comb through all the data on Terre Haute storage you might need.
On average, storage businesses in Terre Haute charge a rate of $33 per month to rent a storage unit. For those long-term storage seekers, that's about $396 per year. Do keep in mind, though, that that average is for all unit sizes in Terre Haute together, so comparing it to individual units will do you little good. As you might expect, monthly rates will change depending on the size of the unit you choose. There are six standard sizes of storage units in Terre Haute, including: 5x10, 10x10, 10x15, and 10x20. By size, the average prices in Terre Haute are:
|Storage Unit Size||Average Price in Terre Haute, IN|
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. You might have to spend more on gas getting out to that unit, but the savings you'll be building up could totally compensate for that. 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 Terre Haute. We've gone ahead and figured that out for you.
An average price of $33 a month for a storage unit makes Terre Haute the 27th most expensive city in Indiana for self-storage, while Indiana itself is the 27th most expensive state. In general, storage units in Terre Haute go for $32.69 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. 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. Given that the average price of a storage unit in Terre Haute is $33 and the median income in Indiana is $46,020.00 a year, we can determine that a storage unit would require 0.86% of a median earner's monthly paycheck. This is actually a very small percentage of monthly income to spend on a storage unit in Indiana. Compared to other cities in the state, it ranks at the 3rd percentile, making storage here very cheap.
When placed on a national scale and compared to cities across the country, storage prices in Terre Haute are still very cheap, ranking at the 8th percentile in terms of relative expense. To put that in more concrete terms, storage in Terre Haute should cost an average of $39.15 less than the national average price of 72.15.
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 how many self-storage businesses are operating in Terre Haute?
19 storage facilities in Terre Haute, IN are listed on SelfStorage.com's facility network. The average city in Indiana is home to about 9 storage facilties, 10 less than what can be found in Terre Haute, meaning Terre Haute has a reasonably-large number of facilities. Terre Haute also boasts the 3rd highest count of storage facilities out of all 29 cities in Indiana, making up 7.09% of the state's facility count. How does Terre Haute fare against cities outside of Indiana? On a national scale, it still has more facilities than the average city, 10 more than the average 9, to be more precise.
'But what about self storage facilities per capita?', you might be thinking. Comparing Terre Haute to other cities in Indiana irrespective of population does, indeed, make little sense. So how does Terre Haute, with its population of 59,900, compare to cities with similar populations? Cities with populations of 50,000 to 100,000 average 11 storage facilities, 8 fewer than Terre Haute's 19, which leads us to conclude that Terre Haute has a decent amount of storage space for a city its size. One may of course argue that measuring Terre Haute against cities of a like size isn't the best yardstick and does not prove that there are plenty of storage facilities for the number of people who live there. In order to address these concerns we've looked at Terre Haute's facilities per person, which seems to have confirmed our former conclusions. In terms of self-storage facilities per capita, Terre Haute ranks in the 63rd percentile nationwide, meaning that it has a moderately-high amount of storage space for its 59,900 residents. But does Terre Haute have a large number of storage facilities per person for a city in Indiana? Indeed, it does, ranking at the 60th percentile.
We feel we should also mention the fact that Terre Haute has seen moderate population increases in the past decade, jumping 0.6% from 2000 to 2010. That's not an inconsequential increase, however it is 6% less than the 6.6% growth the state of Indiana saw in total. Such a low growth rate relative to other cities in Indiana, not to mention its higher number of facilities per capita than most of those cities, would seem to make Terre Haute a high supply but low demand city for storage, which of course is ideal for anyone seeking to book a unit there.
Terre Haute self storage typically costs between $60 and $95 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, Terre Haute had an average home value of $75,900 which in the past year is up 0.080%.