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. Storage prices generally reach their peak during the period from May to September, coinciding with moving season. 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. 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 shows that the average price of a storage unit does not change throughout the year in Nashua to the same degree as it does in most cities, so seasonality should be less of a hassle for those looking for storage in Nashua. Even though you shouldn't have to worry as much about your rates changing later in the year, it's always best to lock in your rate with the facility if possible. Your chances of getting a low price on a storage unit in Nashua are highest during April, when the average rental rate drops to a low $32. Your chances are lowest during September, which with an average price of $109 is the most expensive time to book a unit.
If this is your first time searching for a storage unit in Nashua you might not know what kind of prices to expect. You can't even use past experiences booking storage elsewhere, as average prices will be totally different in other cities, even other cities in NH. But there's no need to worry: we here at SelfStorage.com have all the data to help you go into your storage search well-informed.
On average, storage businesses in Nashua charge a rate of $62 per month to rent a storage unit. That monthly rate would come out to a yearly rate of $744, should you be thinking of renting long term. Don't, however, take that number too seriously, as it doesn't discriminate by unit size. There can be, and often are, substanial price differences between different unit sizes. The standard sizes of storage available in Nashua include 5x5, 5x10, 10x10, 10x20, and 10x30. For each standard size, here's how much you might expect to pay per month in Nashua:
|Storage Unit Size||Average Price in Nashua, NH|
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. Storage facilities just on the periphery of your current search might have some great rental rates, and you'll only find them if you search a little more broadly. Though you may have to travel farther to access your unit, the additional savings might just be worth it. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Nashua, then you'll definitely want to expand your search. So is it?
Nashua's average price of $62 a month for a unit ranks it as the 8th most expensive city for self-storage in New Hampshire, which itself ranks as the 18th most expensive state for storage. In more exact terms, storage in Nashua costs an average of $13.73 less than the average storage unit in New Hampshire, which goes for 75.73.
These average prices don't necessarily tell you how affordable storage in one city is compared to another, as the cost of living changes from place to place. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. The median income in New Hampshire is $67,308.00, which means the average storage unit in Nashua would require 1.11% of a median earner's monthly income. When we compare this storage price as a percent of income to other cities in New Hampshire, we find that it ranks in the 55th percentile, making it a fairly expensive place to rent storage.
In national terms, however, storage in Nashua is actually on the opposite side of the specturm, ranking in at the 21st percentile nationwide, making it very cheap. To put that in more concrete terms, storage in Nashua should cost an average of $10.15 less than the national average price of 72.15.
When it comes to finding self-storage, the more really is the merrier: more storage businesses in your area means more unit options available, and more options mean a greater chance you'll be able to choose a unit that satisfies your storage needs. About how many storage facilties are serving the Nashua area?
SelfStorage.com has 5 storage facilties in Nashua, NH listed on its network. Other New Hampshire cities have an average of 3 facilities on our network, 2 less than Nashua, which leads us to conclude that Nashua offers a moderately-high number of facilities. Furthermore, Nashua accounts for a full 9.81% of facilities in New Hampshire and ranks as the 4th-largest storage market out of all 19 cities in New Hampshire. But while Nashua may command a large number of facilities for its state, the same can't be said on a national scale, where it falls 4 below the national average of 9.
On the other hand, comparing the total number of storage facilities in one city to another irrespective of the number of people that live in each city makes little sense, even when we're comparing Nashua to other cities in New Hampshire. 87,555 people make Nashua their home. Is 5 a relatively high or low number of storage facilities for such a population? Comparing Nashua to other cities in the 50,000 to 100,000 population bracket, we find that Nashua doesn't quite have as many self storage facilities as average. Other cities in that bracket average 11 facilities, while Nashua has 6 fewer. Indeed, that Nashua has relatively few storage facilities for its population is substantiated once more when we look at its per person facility count. The 5 self-storage businesses serving Nashua rank it in the 11th percentile for facilities per person nationwide. That low rank indicates that there are very few storage businesses serving the 87,555 residents of Nashua compared to other cities, which may make finding the right storage unit for you a more difficult task. If we restrict our scope down to the state level, we get similar results: for cities in New Hampshire, Nashua only ranks in the 16th percentile, meaning that Nashua has little per capita storage space even compared to other cities in its state.
Another thing about Nashua we feel we should mention is that while it has grown in the past decade, it hasn't done so by as much as the rest of New Hampshire has. Nashua saw a small 0.8% jump between the 2000 and 2010 census, 5.7% less than the 6.5% the state of New Hampshire experienced as a whole. There might then indeed be less demand for storage in Nashua created by people moving into town, but at the same time there's already less storage per person than in other cities in New Hampshire, so the curent population faces an already-low supply.
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, Nashua had an average home value of $214,900 which in the past year is up 0.055%.