Scoring a good monthly price on your self storage unit has a lot to do with the time of year you book it, as prices vacillate from season to season. Storage prices generally reach their peak during the period from May to September, coinciding with moving season. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that day. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
Prices on self storage in New Bedford do not vary as widely between high and low seasons as they do on average in other cities, so seasonality should be less of an issue for potential renters here. Even so, it's often a good idea to book at the lowest price and then lock in that rate with the facility. You're most likely to get a good deal on a storage unit in New Bedford during the month of October, when the average price is at its lowest, $64 a month. You're least likely to get a good deal in January, when the average price is a high $104.
If you're new to searching for self storage in New Bedford you might not know what kind of prices should be expected. Any past experiences you might have booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be hundreds of dollars higher than the next. But there's no reason to worry, as we've gone ahead and calculated all the necessary data so that you can begin your storage search with a firm knowledge of the local industry.
The average rental rate of a self storage unit in New Bedford is $104 a month. That's roughly $1248 a year, for those of you whose need for storage is of a lengthier nature. Don't, however, put too much weight on that number, as it does not discriminate by unit size. The prices you'll actually see on units will largely depend upon their size. The standard sizes of storage units available in New Bedford include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average monthly rental rates for each are:
|Storage Unit Size||Average Price in New Bedford, MA|
It's often the case that storage prices can swing to the opposite end of the spectrum within a few blocks in the same city, just as real estate values are liable to do. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. While it's true that accessing the unit will be more cumbersome the farther it is away, the potential savings could make you complacent with any extra inconvenience. If we can show that self-storage (also known as public self storage and mini storage) in New Bedford is more expensive than its surroundings, then you'll know to expand your search.
New Bedford is the 18th most expensive city for self storage in the state of Massachusetts, with the average price of a storage unit there coming in at $104. Massachusetts itself is the 8th most expensive state for storage. In general, storage units in New Bedford go for $8.42 more than the state average of $95.58.
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. A storage unit in New Bedford will on average cost 1.98% of a median earner's monthly income, given that the yearly median income in Massachusetts is $63,085.00. As a percentage of the local median income, storage costs rank at the 73rd percentile among cities in Massachusetts, making New Bedford more expensive than most cities.
In addition to being somewhat expensive at the state level, storage in New Bedford is also somewhat expensive on the national scale, ranking at the 67th percentile when compared to other cities nationwide. To put that in more concrete terms, storage in New Bedford should cost an average of $31.85 more 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. If I'm searching for storage in New Bedford, should I expect plenty of available storage facilities, or only a few?
According to our numbers, there are 5 total storage facilities in New Bedford, MA. New Bedford is home to a slightly-higher number of storage facilities than most other cities in Massachusetts. The average city in Massachusetts is home to 3 storage businesses, 2 less than what can be found in New Bedford. Indeed, New Bedford ranks as the 13th city out of the 69 cities on our network in Massachusetts in terms of number of storage facilities, accounting for a whopping 2.11% of facilities in the state. While the average city in Massachusetts may have fewer storage facilities than New Bedford, the average city nationwide actually has more: 4 more than New Bedford, to be exact.
'But what about self storage facilities per capita?', you might be thinking. Comparing New Bedford to other cities in Massachusetts irrespective of population does, indeed, make little sense. 91,053 people make New Bedford their home. Is 5 a relatively high or low number of storage facilities for such a population? If we compare New Bedford to other cities with populations of 50,000 to 100,000, we find that New Bedford doesn't quite offer as much storage space as these others do. The average for cities in that bracket is 11, which of course beats New Bedford by 6 facilities. In addition, if we look at New Bedford's per capita facility count, our former findings seem to be definitively validated: New Bedford does seem to have few facilities for its size. Among storage facilities across the United States, New Bedford ranks in the 11th percentile for self-storage facilities per resident. That extremely-low rank indicates a low amount of self storage space for the 91,053 inhabitants of New Bedford, meaning the securing your ideal storage unit could be more difficult in New Bedford than it is in other cities. Just as New Bedford offers little storage space per person on a national scale, the same goes when we compare the city to others in its state, where it only ranks in the 17th percentile for facilities per capita.
We feel it worth mentioning that New Bedford saw a net loss in population from the 2000 census to the 2010 census, where its number of inhabitants fell by 3%. Over that same period, however, Massachusetts took on 3.1% more people. Keep in mind, though, that while there's probably not as much demand generated by people moving into town as there is in other Massachusetts cities, New Bedford already has relatively fewer storage facilities for its size than many of those faster-growing cities.
New Bedford self storage typically costs between $54 and $212 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, New Bedford had an average home value of $184,900 which in the past year is up 0.063%.