More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. How many facilties are operating in Springfield?
4 storage facilities in Springfield, MA are listed on SelfStorage.com's facility network. When compared to other cities in the state, Springfield offers a slightly-higher number of facilities, 1 more than the state average of 3 per city. Furthermore, Springfield accounts for a full 1.69% of facilities in Massachusetts and ranks as the 22nd-largest storage market out of all 69 cities in Massachusetts. While Springfield may be above average for its state, it's not on a national scale, coming in 5 below the national average of 9 facilities.
Since, however, there are huge disparities in population between Springfield and other cities in Massachusetts, comparing the number of storage businesses in each tells us very little. Springfield, MA has approximately 155,580 inhabitants. Do the 4 storage businesses there offer the community enough storage space? After comparing Springfield to other cities in the 100,000 to 250,000 population bracket, we found that the Springfield community does have a relative lack of storage facilities for its size. While it's population bracket averages 18 facilities per city, Springfield's 4 put it a whole 14 facilities under that average. Per capita measures seem to have demonstrated our conclusion that Springfield is in possession of few storage businesses for its size. With 4 storage businesses for 155,580 residents, Springfield ranks in the 2nd percentile for storage facilities per person in cities on our self-storage network. This means that there's very little storage space per each resident of Springfield in relation to the amount of space per resident in other cities. Even for a Massachusetts city, Springfield doesn't seem to be inundated with an overabundance of self-storage space, as it only ranks in the 2nd percentile for storage businesses per person among cities in the state.
Finally, according to US Census data, Springfield's population grew by 2.4% between the 2000 and 2010 censuses, -0.7% less than the 3.1% growth that Massachusetts grew as a whole. But even if Springfield isn't seeing a precipitous rise in population, remember that it still does have relatively few storage businesses for its current population.
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. The extra drive to the facility could very well be worth the monthly savings. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Springfield to see how it compares with other cities in its state.
Springfield is the 35th most expensive city for self storage in the state of Massachusetts, with the average price of a storage unit there coming in at $77.25. Massachusetts itself is the 8th most expensive state for storage. To give you a better idea of what this means, Springfield's average price is $18.33 less than the state average of $95.58.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. In order to establish some kind of index of affordability for Springfield 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 Springfield will on average cost 1.47% of a median earner's monthly income, given that the yearly median income in Massachusetts is $63,085.00. This is actually a relatively low percentage of income to spend on a storage unit for a city in Massachusetts. Compared to other cities in the state it ranks at the 50th percentile.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Springfield are still relatively cheap, ranking at the 42nd percentile in terms of relative expense. 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 $5.10 more than that for self storage in Springfield.
As they are closely linked to real estate prices, self storage unit prices can be very different in one part of Springfield to another. Look for a cheap unit in the 65807 ZIP code, where the average price of $50.80 is the lowest in Springfield. The 22151 ZIP code, on the other hand, is the most pricey place in Springfield, with an average price of $246.69 for a unit.
It can be difficult to figure out if a certain storage facility's offered price is any good if you don't know how much a unit in Springfield ought to cost in the first place. Since storage prices can change dramatically from one town to the next, the only real comparison you can make is with other facilities in the immediate area. But don't worry: SelfStorage.com has all the data you need in order to go into your storage search well informed.
The average rental rate of a self storage unit in Springfield is $77.25 a month. That monthly rental rate would come out to a yearly price of about $927, should you be thinking of renting for that length of time. Note that this average disregards the different unit sizes and so shouldn't be taken too literally. The price gap between the smallest unit sizes and the largest can be very significant. The standard sizes of storage units available in Springfield include 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. In Springfield, the average monthly rental rate for each standard size is:
|Storage Unit Size||Average Price in Springfield, MA|
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. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. 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. 5x5 and 5x10 units often see wider seasonal swings, primarily due to college students renting these smaller sizes when they leave town for the summer. College towns will be particularly affected by this.
There's a greater difference in price between high and low seasons in Springfield than there is elsewhere, which means you should be more conscious of the timing of your storage search here. The best way to keep seasonal changes at bay is to negotiate with the facility when you first book your unit for a single rate that will remain unchanged for the entire time you stay there. Those looking for self storage in Springfield will find the lowest prices in November, with its average price of $17.57. February, however, is the most expensive month, averaging $158.2.
Are you hunting for a bargain on a self storage unit in Springfield, MA? November is the best month to find inexpensive storage, while you'll land the best rental rate in the 65807 ZIP code. Try not to start your search in February, the most expensive month, and remember that the 22151 area is more expensive than other areas.
Springfield self storage typically costs between $76 and $182 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, Springfield had an average home value of $124,900 which in the past year is down 0.014%.