Self storage rates being as highly-dependent on the real estate market as they are, it should come as no surprise that prices can change dramatically within the space of a few miles. One of the best pieces of advice we can give customers looking for the cheapest storage in their area is to expand the breadth of their search. Though you may have to travel farther to access your unit, the additional savings might just be worth it. But is it worth expanding your search, or is self-storage (commonly called mini storage or public storage) cheaper in Sparks than its surroundings? We asked the analysts at SelfStorage.com to find out.
An average price of $85 a month for a storage unit makes Sparks the 2nd most expensive city in Nevada for self-storage, while Nevada itself is the 44th most expensive state. To give you a better idea of what this means, Sparks's average price is $29.50 more than the state average of $55.50.
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. That's why we've developed a 'relative price' scale that takes state median income into account. The median income in Nevada is $49,929.00, which means the average storage unit in Sparks would require 2.04% of a median earner's monthly income. When compared to storage price as a percent of income in other cities in Nevada, Sparks ranks in the 91st percentile, which means that self-storage here is quite expensive.
The same holds true on a national scale, where self-storage rates in Sparks 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 $12.85 more than that for self storage in Sparks.
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? So does Sparks offer plenty of options when it comes to different storage facilities?
Industry experts at SelfStorage.com estimate that there are approximately 13 storage facilities servicing the Sparks, NV community. On the state level, the average city in Nevada is home to approximately 22 self-storage businesses, meaning that Sparks, with 9 less than that, offers few facilties relative to the rest of its state. It makes sense then that Sparks is only the 6th largest city for storage out of all 13 cities in Nevada listed on our network, containing only 4.63% of all facilities in the state. On the other hand, Sparks actually has a relatively high number of storage facilities if we compare it to the national average, which at 9 per city is 4 below Sparks's 13 storage businesses.
If we're making comparisons between cities, however, we're missing out on some important insights if we don't factor population in, even if we're simply comparing Sparks to the rest of Nevada. Are the 13 storage facilities providing the 89,346 people living in Sparks with enough storage space? The average number of facilities listed on our storage network in cities with populations of 50,000 to 100,000 is 11. As Sparks's facility count beats that by 2, we can establish that Sparks has a bit more storage space than average for a city its size. On the other hand, the idea that the Sparks experiences a surplus of storage space for its size is refuted by its per person count of storage facilities. Sparks's 13 self-storage facilities for its 89,346 residents ranks it in the 38th percentile for storage facilities per capita among cities across the country. That low rank means that there isn't as much storage space for each person in Sparks as there is in most other cities. If we restrict our scope down to the state level, we get similar results: for cities in Nevada, Sparks only ranks in the 16th percentile, meaning that Sparks has little per capita storage space even compared to other cities in its state.
Lastly, census data shows that Sparks is growing in population, though not as fast as the rest of its state. It saw a 33.5% increase from 2000 to 2010, a 1.6% less than the 35.1% growth that Nevada saw as a whole. Keep in mind, though, that while there's probably not as much demand generated by people moving into town as there is in other Nevada cities, Sparks already has relatively fewer storage facilities for its size than many of those faster-growing cities.
You'll won't have the easiest of times telling a good deal on storage in Sparks from a great one if you don't know what storage in Sparks usually rents for. With rental rates being as dependent upon the facility's location as they are, comparing prices at facilities in Sparks with those in other cities you might have rented a storage unit in in the past will do you little good. 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.
Self storage rental rates average $85 a month in Sparks. If you're considering a longer stay in your storage unit then at that rate you'd be paying approximately $1020 per year. Keep in mind though that prices for all unit sizes in Sparks 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. In Sparks 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 rental prices for each unit size:
|Storage Unit Size||Average Price in Sparks, NV|
It's often true that the same storage unit at the same storage facility will cost significantly more or less in April than it does in November. That's because self storage is a seasonal industry. The high season typically begins in April or May and lasts till August or September, with prices dropping back down to their lowest in the late fall and winter. 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. Smaller unit sizes are often more strongly affected by seasonality, as college students make up a decent portion of those moving in the summer and tend to book 5x5 and 5x10 units.
Our data tells us that seasonality is slightly more pronounced in Sparks than in many other cities, its highs a bit higher and its lows a bit lower. Keep seasonal changes at bay by signing your storage lease during the low season and then locking in that rate for your entire stay. With its average price of $42, October is the cheapest month to book storage in Sparks. With an average price of $182, September is the most expensive month to rent storage in Sparks.
Sparks self storage typically costs between $42 and $130 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, Sparks had an average home value of $215,000 which in the past year is up 0.243%.