It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Cherry Hill should cost in the first place. Comparing facilities you booked storage at in other cities will do you little good, as the average price for storage could be hundreds of dollars different. 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.
Expect to pay an average of $95 a month for a storage unit in Cherry Hill. At those rates, a year-long stay in a unit will cost about $1140, in case your storage needs are more long term. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. The price difference between the smallest units and the largest can be huge. Storage units in Cherry Hill come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. By size, the average prices in Cherry Hill are:
|Storage Unit Size||Average Price in Cherry Hill, NJ|
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. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Cherry Hill, then you'll definitely want to expand your search. So is it?
Cherry Hill's average price of $95 a month for a unit ranks it as the 46th most expensive city for self-storage in New Jersey, which itself ranks as the 5th most expensive state for storage. In general, storage units in Cherry Hill go for $1.60 less than the state average of $96.6.
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. In order to establish some kind of index of affordability for Cherry Hill storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. In New Jersey, the median income is $63,646.00 a year, which would make the average $95 unit in Cherry Hill cost 1.79% of a median earner's monthly income. As a percentage of income, storage costs rank at the 58th percentile among cities in New Jersey, making Cherry Hill more expensive than most cities.
Cherry Hill storage prices are somewhat expensive on the national scale as well. When compared with national cities they rank in the 58th percentile. 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 $22.85 more than that for self storage in Cherry Hill.
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. About how many storage facilties are serving the Cherry Hill area?
3 storage facilities in Cherry Hill, NJ are listed on SelfStorage.com's facility network. 3 is in fact the average number of facilities for each city in New Jersey. Among these 113 cities, Cherry Hill ranks as the 35th largest in terms of facility count, with 0.85% of the market. Cherry Hill may be perfectly average for a city in NJ, but on a national scale it actually has fewer facilities than most cities--6 fewer than the national average of 9, to be exact.
But of course, there are vast differences in population between Cherry Hill and other cities in New Jersey, and even more so nationwide, so not controlling for population makes little sense. Approximately 71,045 people live in Cherry Hill, NJ. Is that a large population for a city with 3 self-storage facilities, or a small one? In comparing Cherry Hill with cities of a similar population, we were able to discover that Cherry Hill is not exactly stock-full of an over-abundance of self-storage facilities. Seeing as cities in its 50,000 to 100,000 population group average approximately 11 each (8 facilities more than the 3 operating in Cherry Hill), it's easy to make the firm conclusion that Cherry Hill is not as well-stocked with extra storage space as other cities are. One may of course argue that measuring Cherry Hill against cities of a like size isn't the best yardstick and does not prove that there are few storage facilities for the number of people who live there. In order to address these concerns we've looked at Cherry Hill's facilities per person, which seems to have corroborated our former conclusions. For a city of 71,045, 3 self-storage facilities is not a high number at all: in fact, Cherry Hill only places in the 7th percentile for facilities per capita in United States cities, indicating a meager level of storage coverage. Even when we only compare Cherry Hill to other cities in its state, it still appears to have relatively little self-storage space for the size of its population, coming in at the 14th percentile for facilities per capita among cities in New Jersey.
As self storage is a seasonal industry, the rates you're seeing now may be very different from those on the same unit at the same facility a few months down the road. The high season lasts from late spring to late summer, the most popular period for those moving into a new home. 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. Those looking for storage in areas with a large population of college students might find that seasonality affects prices on smaller unit sizes in particular, as students book 5x5s and 5x10s to store their things while they go home for the summer.
Cherry Hill is not as affected by seasonality as other cities, with storage prices experiencing smaller price fluctuations than elsewhere. However, even though prices are less likely to change dramatically in Cherry Hill, locking in a rate for your entire stay often allows you to bargain the total price down. July is the most expensive month for storage in Cherry Hill, with an average price of $120.01. The cheapest prices on storage in Cherry Hill can be found during the month of October, where the average cost of a unit is $38.25.
As they are closely linked to real estate prices, self storage unit prices can be very different in one part of Cherry Hill to another. Look for a cheap unit in the 8034 ZIP code, where the average price of $94.61 is the lowest in Cherry Hill. The highest-priced part of town to rent storage in is the 8002 ZIP code, where rates average $131.67 per month.
Are you hunting for an uncommonly inexpensive self storage unit in Cherry Hill, NJ? October is the best month to conduct your search for storage, and the best place to look for cheap storage is the 8034 ZIP code. The worst month to look for storage is July, when storage prices climb the highest, and remember that the 8002 area has the steepest prices.
Cherry Hill, NJ self storage typically costs between $45 and $209 a month. Storage is currently in stock.