Elizabeth Self Storage Units and Mini Storage in Elizabeth, New Jersey

Elizabeth, NJ Self Storage: FAQ

Another of the New Jersey suburbs of New York City, Elizabeth is the fourth-largest city in New Jersey. It's located just south of the Newark airport and just west of Staten Island. With the New Jersey Turnpike running through town Elizabeth has easy access to Newark and Jersey City and, on the other side of those two, NYC itself. Despite its size, Elizabeth is considered one of the most pleasant suburban communities in the NY-NJ metro area, with parks like Mattano Park, Elizabeth River Parkway, Caldwell Park, Sheridan Park, Kellog Park and more helping it rank among the greenest cities in America according to various publications. If you're a resident of Elizabeth then that would not have been a surprise to you, but do you know which neighborhoods are cheapest for self storage in Elizabeth, or which times of year storage facilities offer the best prices?

Does Elizabeth, NJ offer plenty of options when it comes to different storage facilities?

More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. If I'm searching for storage in Elizabeth, should I expect plenty of available storage facilities, or only a few?

According to our numbers, there are 10 total storage facilities in Elizabeth, NJ. Other cities in New Jersey average only 3 storage facilities, 7 less than what's available in Elizabeth, which means Elizabeth is home to a large number of storage businesses. Out of all 113 cities in New Jersey listed on the SelfStorage.com network, Elizabeth ranks as the 7th-highest in terms of number of storage businesses, accounting for 2.81% of facilities. And Elizabeth doesn't just have a lot of storage facilities for its state, either: it also surpasses the national average of 9 facilities per city by 1.

But of course, comparing the raw number of storage facilities in Elizabeth to other cities in New Jersey and nationwide without taking population into account tells us very little. We ought to be comparing Elizabeth, with its population of 125,285, to cities of similar size. As it turns out, Elizabeth offers a below-average amount of storage space for a city its size. It's only a bit below average--8 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. Indeed, that Elizabeth has relatively few storage facilities for its population is confirmed once more when we look at its per person facility count. The 10 self-storage businesses serving Elizabeth rank it in the 19th percentile for facilities per person nationwide. That low rank indicates that there are very few storage businesses serving the 125,285 residents of Elizabeth compared to other cities, which may make finding the right storage unit for you a more difficult task. Is Elizabeth still relatively low on storage space compared to other cities in New Jersey? Indeed, it seems as if it is, as Elizabeth only ranks in the 36th percentile for per capita storage space among cities in New Jersey.

In discussing facilities per capita, we also feel that we should mention the fact that though Elizabeth's population is growing, the rest of New Jersey is growing more. Elizabeth's population saw a 3.6% increase in the first decade of this century, 0.9% less than the 4.5% increase the whole state of New Jersey experienced. Concluding that demand for storage in Elizabeth would be lower than in other cities in New Jersey due to its relatively-low growth rate would, however, be ignoring the fact that Elizabeth has fewer facilities for its population than many of these cities, and that a shorter supply would have the same effects on price as high demand.

Are storage rental rates seasonal? Do storage unit prices in Elizabeth, NJ change depending on the time of year?

Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of the year. 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. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that 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.

Seasonality is not particularly pronounced in Elizabeth, meaning that month-to-month prices vary less than they do elsewhere. Despite the low level of seasonality, those looking for a self storage unit may still want to lock in their price at the time of booking. You're most likely to get a good deal on a storage unit in Elizabeth during the month of August, when the average price is at its lowest, $62.36 a month. You're least likely to get a good deal in May, when the average price is a high $127.01.

Is self storage in Elizabeth cheaper or more expensive than other cities in New Jersey?

Some of the most successful storage finds occur when the storage seeker includes nearby towns, suburbs, and neighborhoods in their search. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. 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. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Elizabeth to see how it compares with other cities in its state.

Elizabeth'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 more exact terms, storage in Elizabeth costs an average of $1.60 less than the average storage unit in New Jersey, which goes for 96.6.

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. 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. A storage unit in Elizabeth will on average cost 1.79% of a median earner's monthly income, given that the yearly median income in New Jersey is $63,646.00. This is a somewhat-large percentage of income compared to other cities in New Jersey, ranking in at the 58th percentile statewide. We have to conlude from this that storage in Elizabeth is relatively expensive.

When placed on a national scale and compared to cities across the country, storage prices in Elizabeth are still somewhat expensive, ranking at the 58th 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 $22.85 more than that for self storage in Elizabeth.

How much should my monthly rate on a storage unit in Elizabeth, NJ be?

If this is your first time searching for a storage unit in Elizabeth 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 NJ. In order to make sure you don't go into your storage search unprepared, we've had our analysts comb through all the data on Elizabeth storage you might need.

In Elizabeth, storage units rent at an average of $95 a month. That monthly rate would come out to a yearly rate of $1140, should you be thinking of renting long term. It's important to note here that that average price does include all standard storage unit sizes. As you might expect, monthly rates will change depending on the size of the unit you choose. There are six standard sizes of storage units in Elizabeth, including: 5x5, 5x10, 10x10, and 10x15. The following are the average prices for each size:

Which ZIP codes in Elizabeth have the cheapest prices on self-storage units? Which have the highest prices?

Much like real estate, self-storage prices can change drastically within the space of a few miles in Elizabeth. The best prices on storage in Elizabeth can be found in the 7202 ZIP code. Units there average $109.99 a month. Rental rates are priciest in the 7201 ZIP code, where they go for an average $130.44 per month.

ELIZABETH SELF STORAGE: THE BOTTOM LINE

Trying to locate the cheapest rate ever on a self storage unit in Elizabeth, NJ? August is your best bet at finding inexpensive storage, and the most inexpensive units are located in the 7202 ZIP code. The worst month to look for storage is May, when prices are at their acme, and be aware that the 7201 area has the steepest prices.

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, Elizabeth had an average home value of $189,900 which in the past year is down 0.053%.