Your hunt for a cheap storage unit won't be easy if you don't know how much a unit in Temple Hills should cost. With the average rental rate varying widely from place to place, the only truly valuable comparison you can make is with other storage facilities in the area. 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.
Rental rates on storage in Temple Hills average $116.17 per month. At that rate, staying in a unit for a year would cost about $1394.04, in case you need storage for a long period of time. It must be noted that that rate averages all sizes of units in Temple Hills, and so shouldn't necessarily be used as a definitive yardstick during your search. The amount you'll actually end up paying will depend on the size of the unit you decide to rent. In Temple Hills you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. In Temple Hills, the average monthly rental rate for each standard size is:
|Storage Unit Size||Average Price in Temple Hills, MD|
If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. The period between April and September is typically considered the high season for storage, while prices are lower the rest of the year, notably through October and March. 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.
Other cities experience a lesser degree of seasonality than Temple Hills does, the difference in price between its high and low seasons being slightly greater than average. The best way to protect yourself from these high seasonal swings is by booking during the low season and locking in your rate. Shop for self storage in Temple Hills during March to get the best price, when units go for an average of $84.5. Prices reach their highest in July, which at an average price of $216.92 a month you might want to avoid.
The more facilities there are in the area you're searching, the more options you'll have. In terms of the number of storage businesses in Temple Hills, are there plenty of options available, or few?
Analysts at SelfStorage.com report that there are an estimated 3 storage facilities located in the Temple Hills area. In Maryland, the average city is home to 5 storage businesses, a whole 2 more than what's offered in Temple Hills, meaning you'll have fewer options in Temple Hills than you might elsewhere in the state. It should come as litte surprise then that Temple Hills only ranks as the 27th largest storage market out of the 48 cities in Maryland, accounting for a mere 1.28% of the state's total facilities. Temple Hills is below the national average as well, with 6 fewer storage facilities than the national average of 9 per city.
On the other hand, comparing the total number of storage facilities in one city to another irrespective of the number of people that live in each city makes little sense, even when we're comparing Temple Hills to other cities in Maryland. Do the 3 self storage facilities in Temple Hills offer the 7,852 people living there enough extra storage space? How does Temple Hills compare to similarly-sized cities? On average, cities with populations of 5,000 to 10,000 have 4 storage facilities listed on our network, which means that Temple Hills, with 1 fewer facilities, has a slightly-low amount of storage space for a city its size. Per capita data, on the other hand, seems to have invalidated this notion that Temple Hills provides insufficient storage space for its community. Among cities nationwide, Temple Hills ranks in the 69th percentile for the number of storage units per capita, offering its 7,852 residents a moderately-high amount of storage space. Just as Temple Hills appears to have a large amount of storage space per person compared to cities across the nation, the same goes when we restrict the comparison to Maryland, where Temple Hills lands in the 59th percentile for facilities per capita among cities in the state.
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. A more expansive search could help uncover some hidden storage gems. Sure, it might be more of a pain to drive to the facility, but hundreds of dollars in potential savings might alleviate that. But is it worth expanding your search, or is self-storage (commonly called mini storage or public storage) cheaper in Temple Hills than its surroundings? We asked the analysts at SelfStorage.com to find out.
Temple Hills is the 18th most expensive city for self storage in the state of Maryland, with the average price of a storage unit there coming in at $116.17. Maryland itself is the 2nd most expensive state for storage. When searching for storage in Temple Hills, expect to pay $13.97 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. That's why we've developed a 'relative price' scale that takes state median income into account. Given that the average price of a storage unit in Temple Hills is $116.17 and the median income in Maryland is $67,551.00 a year, we can determine that a storage unit would require 2.06% of a median earner's monthly paycheck. Compared to other cities in Maryland, this is a fairly-high percentage of income to spend on storage, ranking Temple Hills in the 64th percentile statewide. This leads us to label the city as a somewhat expensive place to rent self-storage.
In addition to being somewhat expensive at the state level, storage in Temple Hills is also somewhat expensive on the national scale, ranking at the 69th percentile when compared to other cities nationwide. Expect to pay $44.02 more than the national average of $72.15 when searching for self storage in Temple Hills.
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, Temple Hills had an average home value of $182,500 which in the past year is up 0.100%.