You'll have a hard time telling a good price on storage from a great price when you're unfamiliar with how much self storage in Warren typically costs to begin with. Storage prices can shift dramatically from one city to another, so knowing the standard for a specific area can be difficult without prior experience booking storage there. Which is precisely the reason we've had the SelfStorage.com analysts dig through all the data in order to bring back the crucial information you need to book a unit in Warren.
Storage units in Warren rent at an average monthly rate of $59. At that rate, staying in a unit for a year would cost about $708, in case you need storage for a long period of time. Now, that number doesn't discriminate by unit size, instead averaging all together, so it shouldn't be taken as an incredibly accurate figure. The price gap between the smallest unit sizes and the largest can be very significant. In Warren you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. By size, the average monthly rates in Warren are:
|Storage Unit Size||Average Price in Warren, MI|
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. In terms of the number of storage businesses in Warren, are there plenty of options available, or few?
Industry experts at SelfStorage.com estimate that there are approximately 15 storage facilities servicing the Warren, MI community. When compared to other cities in the state, Warren offers a slightly-higher number of facilities, 9 more than the state average of 6 per city. It should come as no surprise then that Warren has the 7th-highest count of facilities out of all 73 cities on our network in Michigan, acting as home to 3.25% of facilities in Michigan. The same holds true on a national level: Warren is home to 6 more facilities than the US average of 9 facilities per city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Warren to other cities in Michigan irrespective of population does, indeed, make little sense. 133,873 people make Warren their home. Is 15 a relatively high or low number of storage facilities for such a population? As it turns out, Warren offers a below-average amount of storage space for a city its size. It's only a bit below average--3 facilities, to be precise--but it does come in under the average 18 storage facilities that cities in the 100,000 to 250,000 population bracket have. We've further verified Warren's relative lack of storage space by examining its per capita count of facilities. Per capita, Warren places in the 30th percentile for storage facilities among cities across the United States. In other words, there are relatively few storage businesses serving the local Warren market for its size, so extra storage space might be harder to find here. Perhaps if we only compare Warren to other cities in Michigan it might appear to have more storage space? Unfortunately, even by that measure it does seem as if Warren offers relatively little space, as it places in the 33rd percentile for per capita storage facilities in Michigan.
It's also worth mentioning that Warren lost 3% of its population from 2000 to 2010, according to the US Census. That's even more drastic than the -0.6% loss that the state of Michigan experienced as a whole. But even if Warren isn't seeing a precipitous rise in population, remember that it still does have relatively few storage businesses for its current population.
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. 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. However, if self-storage (often called mini storage or public self storage) in Warren is relatively cheap for the area then searching farther afield might do little good. So how do prices in Warren stack up to the rest of the state?
Warren's average price of $59 a month for a unit ranks it as the 35th most expensive city for self-storage in Michigan, which itself ranks as the 26th most expensive state for storage. To give you a better idea of what this means, Warren's average price is $9.17 less than the state average of $68.17.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. In order to establish some kind of index of affordability for Warren storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. Given that the average price of a storage unit in Warren is $59 and the median income in Michigan is $48,308.00 a year, we can determine that a storage unit would require 1.47% of a median earner's monthly paycheck. Comparing this percentage to other cities in Michigan shows us that it ranks at the 50th percentile and is therefore a somewhat cheap place to rent a self-storage unit.
The same holds true on a national scale, where self-storage rates in Warren are comparatively relatively cheap, ranking in at the 42nd percentile among cities on our nationwide network. To put that in more concrete terms, storage in Warren should cost an average of $13.15 less than the national average price of 72.15.
Much like real estate, self-storage prices can change drastically within the space of a few miles in Warren. Look for a cheap unit in the 44483 ZIP code, where the average price of $59.02 is the lowest in Warren. The most expensive part of town to rent storage in is the 2885 ZIP code, where rates average $120.77 per month.
The self storage market being of a seasonal nature, the prices on offer at the moment could be substantially different from those you'll see two months from now. Storage seasonality is in synch with the moving seasons, which are at their highest in the late spring and summer, as a huge amount of storage demand is generated by people moving into new homes. National Moving Day (the day following Memorial Day) is typically seen as the first real day of the high season and is often the busiest day of the year for storage facilities. 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.
Self storage prices in Warren are not nearly as affected by seasonal changes as other cities are, meaning there's a greater likelihood you'll find stable year-round prices. Still, hunting for storage during the cheapest month of the year is always a great way to find a good deal. February is the most expensive month for storage in Warren, with an average price of $89. The cheapest prices on storage in Warren can be found during the month of September, where the average cost of a unit is $34.5.
Trying to locate an outstanding price ona self storage unit in Warren, MI? September offers the cheapest prices on storage, while units are cheapest in the 44483 ZIP code. Try not to start your search in February, when the cost of storage is at its apogee and be cognizant of the fact that the 2885 area is pricier than other areas.
Warren self storage typically costs between $39 and $139 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, Warren had an average home value of $64,900 which in the past year is up 0.240%.