It's often true that certain areas in a city offer much lower storage rental rates than others. If you're searching for the cheapest storage unit out there, a good rule of thumb is to look farther abroad than you originally set out to. To some, the greater distance to the facility is worth the greater savings. However, if self-storage (often called mini storage or public self storage) in Boston is relatively cheap for the area then searching farther afield might do little good. So how do prices in Boston stack up to the rest of the state?
With its average price of $76.67 a month for a unit, Boston is the 37th most expensive city for self-storage in the state of Massachusetts, which itself is the 8th most-expensive state for storage. To give you a better idea of what this means, Boston's average price is $18.91 less than the state average of $95.58.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. 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. A storage unit in Boston will on average cost 1.46% of a median earner's monthly income, given that the yearly median income in Massachusetts is $63,085.00. This is a moderately small percentage of income to spend on a self-storage unit compared to rates in other cities, ranking at the 47th percentile among other cities in Massachusetts, meaning self-storage here is relatively cheap.
Boston self-storage prices are relatively cheap on the national scale as well. When compared with cities on our national network they rank in the 41st 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 $4.52 more than that for self storage in Boston.
Before you start your storage search in Boston, it's important that you know how much a unit in Boston typically costs. Comparing rates at facilities you booked storage at in other cities can give the wrong expectations, as the average price for storage could be hundreds of dollars different in that location. Which is why, in order to ensure that you go into your storage search as well informed as possible, we've gone ahead and processed the data for you.
Storage businesses in Boston rent out their units at an average price of $76.67 a month. At that rate, staying in a unit for a year would cost about $920.04, in case you need storage for a long period of time. Keep in mind though that prices for all unit sizes in Boston 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. The standard sizes of storage units available in Boston include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard unit size, the average rental rate in Boston is:
|Storage Unit Size||Average Price in Boston, MA|
Just as real estate prices do, storage prices can change from one block in Boston to the next. The 2118 ZIP code offers the best rates on storage in Boston, with an average price of $176.58 a month. You probably won't be finding the best deal on storage in the 2127 ZIP code in Boston, which with an average price of $177.11 a unit is the most pricey area in town.
One of the most prominent factors involved with finding a cheap storage unit is the time of year you go searching for that unit, as storage prices change due to seasonal demand. 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 high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' 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.
The difference between seasons is somewhat greater in Boston than it is elsewhere, meaning you should be more wary of seasonal effects. Keep seasonal changes at bay by signing your storage lease during the low season and then locking in that rate for your entire stay. The lowest prices on self storage in Boston can be found during the month of January, with an average price of $76.67, while the most expensive month is February, with an average price of $177.99.
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. If I'm searching for storage in Boston, should I expect plenty of available storage facilities, or only a few?
In total, 15 Boston storage businesses have listed themselves on our self-storage facility network. The average city in Massachusetts hosts 3 storage businesses, 12 less than what's on offer in Boston. In other words, Boston offers great storage coverage for its state. This ranks Boston as the 1st largest storage market out of 69 Massachusetts cities in terms of number of facilities, making up 6.31% of the state's total. How does Boston fare against cities outside of Massachusetts? On a national scale, it still has more facilities than the average city, 6 more than the average 9, to be more precise.
Since, however, there are huge disparities in population between Boston and other cities in Massachusetts, comparing the number of storage businesses in each tells us very little. Boston, MA has approximately 645,169 inhabitants. Do the 15 storage businesses there offer the community enough storage space? Upon analysis we have discovered that Boston certainly does not have a large number of storage facilities for its size, and may in fact be significantly underserved. The 250,000 to 1,000,000 population bracket of cities on our network averages 49 facilities, 34 more than are available in Boston. Other cities clearly have a good deal more storage space for their populations than does Boston. In addition, if we look at Boston's per capita facility count, our former findings seem to be definitively substantiated: Boston does seem to have few facilities for its size. Among storage facilities across the United States, Boston ranks in the 2nd percentile for self-storage facilities per resident. That extremely-low rank indicates a low amount of self storage space for the 645,169 inhabitants of Boston, meaning the securing your ideal storage unit could be more difficult in Boston than it is in other cities. How does Boston compare to other cities in Massachusetts? Even when we restict the scope to other cities in its state, Boston still only ranks at the 0th percentile for per capita storage facilities.
Finally, according to US Census data, Boston's population grew by 9.2% between the 2000 and 2010 censuses, a surprising 6.1% more growth than the 3.1% that Massachusetts grew as a whole. Remember that Boston also has a low number of storage businesses per resident. That, plus its population growth, means that storage units in Boston are probably very much in demand.
Trying to book an extremely inexpensive self storage unit in Boston, MA? January is the best time to find inexpensive storage, and prices are least expensive in the 2118 ZIP code. If you can, try not to conduct your storage search during February, when unit prices reach their apex, and keep in mind that the 2127 area has the highest prices.
Boston self storage typically costs between $95 and $359 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, Boston had an average home value of $499,000 which in the past year is up 0.107%.