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. 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 Concord is more expensive than its surroundings, then you'll know to expand your search.
With its average price of $39 a month for a unit, Concord is the 18th most expensive city for self-storage in the state of New Hampshire, which itself is the 18th most-expensive state for storage. When searching for storage in Concord, expect to pay $36.73 less than New Hampshire's average price of $75.73.
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 Concord 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 New Hampshire is $67,308.00, which means the average storage unit in Concord would require 0.7% of a median earner's monthly income. As a percentage of income this is actually a very cheap price to pay for a storage unit. Indeed, when compared to other cities in New Hampshire, the relative price of storage in Concord ranks at the 5th percentile.
When placed on a national scale and compared to cities across the country, storage prices in Concord are still very cheap, ranking at the 3rd 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 $33.15 less than that for self storage in Concord.
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Concord should cost in the first place. Since the average price of storage can be over $100 different between two cities in the same state, any past experiences booking storage elsewhere will be little help here. There's no need to fret, however, as our analysts have gone through the data and have all the statistics on storage in Concord that you might need.
Expect to pay an average of $39 a month for a storage unit in Concord. If you're thinking of renting a unit for the long term, that's approximately $468 per year. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. The actual price will largely depend upon the size of unit you're looking for. Storage units in Concord come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Concord, NH|
Just as home prices will differ from neighborhood to neighborhood in Concord, so will self-storage rates. Searching for storage in the 94521 ZIP code should yield the cheapest rental rates, as units there average $93.11 a month, lower than anywhere else in Concord. You might want to avoid searching in the 94520 ZIP code, which, with its average unit price of $192.78 a month, is the highest-priced neighborhood for self storage in Concord.
Finding and locking in a good monthly rate 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. 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 for self-storage businesses is typically the notorious 'National Moving Day' (which facility operators have dubbed 'Crazy Tuesday' for the chaotic scene at many facilities) the day after Memorial Day. College students looking for a place to keep their things during the summer holiday can also have an effect on high season prices, pushing up prices on smaller units in particular, which is something to keep in mind if you live in a college town.
Our data shows that the average price of a storage unit does not change throughout the year in Concord to the same degree as it does in most cities, so seasonality should be less of a hassle for those looking for storage in Concord. Still, booking during the low season and locking in your price with the facility is an important part of getting a good deal on self storage. Those looking for self storage in Concord will find the lowest prices in April, with its average price of $22. February, however, is the most expensive month, averaging $105.
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. How many facilties are operating in Concord?
Analysts at SelfStorage.com report that there are an estimated 2 storage facilities located in the Concord area. On the state level, the average city in New Hampshire is home to approximately 3 self-storage businesses, meaning that Concord, with 1 less than that, offers few facilties relative to the rest of its state. Concord accounts for only 3.93% of facilities in New Hampshire, ranking as the 10th largest storage market out of all 19 cities in the state. The same can be said for Concord on a national scale as well, where it has 7 fewer than the nine facilities that can be found in the average American city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Concord to other cities in New Hampshire irrespective of population does, indeed, make little sense. So how does Concord, with its population of 42,546, compare to cities with similar populations? Comparing Concord with other cities in its 25,000 to 50,000 population group shows us that Concord has significantly fewer self-storage facilities for its size relative to these other cities. With an average of 7 facilities per city, Concord is an average 5 behind those in the 25,000 to 50,000 group, with substantially-less storage space. One might point out that comparing Concord to cities of a similar size doesn't prove its lack of storage for the size of the population, and that a better measure would be actually looking at its facilities per capita. Well, we have, and it has firmly confirmed our former results. The 2 self-storage businesses serving Concord rank it in the 9th percentile for facilities per person nationwide. That low rank indicates that there are very few storage businesses serving the 42,546 residents of Concord compared to other cities, which may make finding the right storage unit for you a more difficult task. Even for a New Hampshire city, Concord doesn't seem to be inundated with an overabundance of self-storage space, as it only ranks in the 11th percentile for storage businesses per person among cities in the state.
The fact that Concord is growing, but not doing so at a particularly rapid rate, also bears mentioning in our discussion of storage facilities per person. The US Census reports that Concord saw 4.4% more people move there in the first decade of this century. That's not insignificant, though it is 2.1% less than the 6.5% population that New Hampshire saw altogether. Concord's low growth rate may mean that, with fewer incoming residents than elsewhere in New Hampshire, the demand for storage is lower, but let's not forget that Concord already has relatively few facilities for its size., meaning demand from the local population might be just as high.
Do you want to book an ultra-cheap self storage unit in Concord, NH? April offers the lowest prices on storage, while the top bargains will be located in the 94521 ZIP code. The absolute worst time to look for storage is February, when storage prices reach their climax, and be attentive to the fact that the 94520 area is the most expensive part of town for storage.
Concord self storage typically costs between $52 and $149 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, Concord had an average home value of $189,900 which in the past year is up 0.023%.