It's nearly impossible to know what a good monthly rate on a storage unit is if you don't know what kind of prices to expect in Forestville. Past experience booking storage in other cities can be misleading, as average prices will be totally different in other cities--even other cities in MD. In order to help you go into your storage search with the right knowledge, the analysts here at SelfStorage.com have crunched the numbers and processed the data so that you can know what kind of rental rates to expect.
Storage businesses in Forestville rent out their units at an average price of $149 a month. For you long-term storage seekers out there, that's about $1788 per year. Keep in mind though that prices for all unit sizes in Forestville were included when calculating that figure, so comparing it any individual unit will do you little good. As should be expected, monthly rates will be quite different depending on thedimensions of the unit you choose. In Forestville you'll have the option of renting six standard storage unit sizes, such as 5x10, 10x10, 10x15, 10x20, and 10x30. Here are the average monthly rates for each standard unit size in Forestville:
|Storage Unit Size||Average Price in Forestville, MD|
The self storage market being of a seasonal nature, the prices on offer at the moment could be substantially different from those you'll see two months from now. The low season generally lasts from October through March, with prices kicking up in April and hitting their high from May to September. Sometimes called 'National Moving Day' or 'Crazy Tuesday', the day following Memorial Day is typically the busiest for storage businesses and the highest point of the high season. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Forestville isn't nearly as affected by seasonal change as most other cities are, the average price of storage remaining relatively stable throughout the year. However, even though prices are less likely to change dramatically in Forestville, locking in a rate for your entire stay often allows you to bargain the total price down. The lowest prices on self storage in Forestville can be found during the month of October, with an average price of $149, while the most expensive month is December, with an average price of $172.
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? So how many storage businesses are located in Forestville?
Industry experts at SelfStorage.com estimate that there are approximately 6 storage facilities servicing the Forestville, MD community. Forestville's 6 facilities make it one of the larger cities for storage in Maryland: the state average is 5 facilities per city, 1 less than what's available in Forestville. Forestville also boasts the 14th highest count of storage facilities out of all 48 cities in Maryland, making up 2.56% of the state's facility count. While Forestville certainly has moer facilities than most cities in its state, it's an underperformer on the national level, where it's under the national average of 9 by 3 facilities.
But making comparisons between any cities, whether it be comparing Forestville to its neighbors in Maryland or on a national scale, isn't a very fruitful excercise when we ignore a city's population. Are the 6 facilities in Forestville sufficient at supplying the 12,353 people who call it home with enough extra storage space? It just so happens that in being in possession of 6 facilities, Forestville is average for its size. The average for other cities with populations of 10,000 to 25,000 on our self-storage network is 6 each, making Forestville perfectly unexceptional. Then again, there might be more accurate ways of measuring if there's enough storage space in Forestville per person. Like, for example, measuring the number of facilities per person. In Forestville, there's plenty of extra space to go around: on a self-storage facilities per capita basis, the city ranks in the 76th percentile nationwide, and so has a comparatively-huge amount of storage space for each of its 12,353 inhabitants. Is Forestville still a city with a fairly-large amount of storage space for its population compared to others in Maryland? Indeed, it is, placing into the 65th percentile among cities in Maryland.
Self storage rates being as highly-dependent on the real estate market as they are, it should come as no surprise that prices can change dramatically within the space of a few miles. A more expansive search could help uncover some hidden storage gems. Though you may have to travel farther to access your unit, the additional savings might just be worth it. If we can show that self-storage (also known as public self storage and mini storage) in Forestville is more expensive than its surroundings, then you'll know to expand your search.
Forestville is the 6th most expensive city for self storage in the state of Maryland, with the average price of a storage unit there coming in at $149. Maryland itself is the 2nd most expensive state for storage. When searching for storage in Forestville, expect to pay $46.80 more than Maryland's average price of $102.20.
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 Forestville 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 Forestville will on average cost 2.65% of a median earner's monthly income, given that the yearly median income in Maryland is $67,551.00. As a percent of the average local income, self-storage in Forestville is quite expensive, with its relative price ranking in at the 89th percentile in Maryland.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Forestville are still very expensive, ranking at the 84th percentile in terms of relative expense. Expect to pay $76.85 more than the national average of $72.15 when searching for self storage in Forestville.
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, Forestville had an average home value of $142,000 which in the past year is down 0.044%.