If you're new to searching for self storage in Canton 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. 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 Canton rent out their units at an average price of $81.8 a month. Those of you searching for a long term storage solution should know that that's an average of $981.6 per year. Keep in mind though that prices for all unit sizes in Canton were included when calculating that figure, so comparing it any individual unit will do you little good. Prices for the various unit sizes are, of course, very different from each other. In Canton you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Here are the average monthly rates for each standard unit size in Canton:
|Storage Unit Size||Average Price in Canton, MI|
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. The sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. If self-storage (often known as public self storage and mini storage) in Canton is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
Canton is the 22nd most expensive city for self storage in the state of Michigan, with the average price of a storage unit there coming in at $81.8. Michigan itself is the 26th most expensive state for storage. In general, storage units in Canton go for $13.63 more than the state average of $68.17.
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. In order to establish some kind of index of affordability for Canton storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. The median income in Michigan is $48,308.00, which means the average storage unit in Canton would require 2.03% of a median earner's monthly income. This is a relatively-large percentage of income compared to other cities in Michigan, ranking in at the 71st percentile statewide. We have to conlude from this that storage in Canton is somewhat expensive.
The same holds true on a national scale, where self-storage rates in Canton are comparatively somewhat expensive, ranking in at the 69th percentile among cities on our nationwide network. 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 $9.65 more than that for self storage in Canton.
Finding the unit you need at the price you want has everything to do with what's available in your area, with more facilities offering more options. So are there a large or small number of storage businesses operating in Canton?
According to the data on our facility network, there are 5 storage businesses operating in Canton, MI. That's a somewhat-low number of storage facilties serving the Canton community, at least when compared to other cities in Michigan, which have an average 6 operational facilities, 1 more than in Canton. It should come as litte surprise then that Canton only ranks as the 31st largest storage market out of the 73 cities in Michigan, accounting for a mere 1.09% of the state's total facilities. Canton is below the national average as well, with 4 fewer storage facilities than the national average of 9 per city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Canton to other cities in Michigan irrespective of population does, indeed, make little sense. Approximately 76,366 people live in Canton, MI. Is that a large population for a city with 5 self-storage facilities, or a small one? Cities of similar size, as it turns out, offer more storage space than Canton does. The average number of facilities for a city in the 50,000 to 100,000 population bracket is 11, which is 6 more than can be found in Canton. But then again, such a population bracket covers a wide range of cities. A more accurate measure would be Canton's per capita facility count--a measure which has corroborated our former results, showing Canton to indeed have little storage for its size. Canton places in the 14th percentile for self storage facilities per capita among cities across the country. That very low rank indicates that the 5 storage businesses serving the 76,366 people living in Canton is not a very large number of facilities after all, and may mean that finding the right unit in Canton isn't as easy a task as it is elsewhere. Is Canton still relatively low on storage space compared to other cities in Michigan? Indeed, it seems as if it is, as Canton only ranks in the 12th percentile for per capita storage space among cities in Michigan.
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. This seasonality, which is primarily generated by national moving patterns, hits its zenith in the late spring and early summer, and its nadir in the fall and winter. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Analysts at SelfStorage.com have found that Canton is highly susceptible to seasonal changes, with storage prices varying much more widely than in most other cities. Keep seasonal changes at bay by signing your storage lease during the low season and then locking in that rate for your entire stay. You're most likely to get a good deal on a storage unit in Canton during the month of March, when the average price is at its lowest, $10 a month. You're least likely to get a good deal in February, when the average price is a high $179.
Storage prices often follow real estate trends, which means that certain areas of Canton can be significantly more or less expensive than others. The best prices on storage in Canton can be found in the 44718 ZIP code. Units there average $119.69 a month. Storage prices are highest within the 44720 ZIP code of Canton, where rentals average $158.30 a month.
Are you seeking out a highly affordable self storage unit in Canton, MI? March is the best month to search for storage, while the most inexpensive place to find a unit is the 44718 ZIP code. The worst time to search for storage is during February, the most expensive month, and be aware that the 44720 area is costlier than other areas.
Canton, MI self storage typically costs between $39 and $209 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, Canton had an average home value of $205,000 which in the past year is up 0.152%.