If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. The low season generally lasts from October through March, with prices kicking up in April and hitting their high from May to September. The high season comes into full swing on the day after Memorial Day, which is such a popular time to rent storage that those in the industry have taken to calling it 'Crazy Tuesday.' 5x5 and 5x10 units often see wider seasonal swings, primarily due to college students renting these smaller sizes when they leave town for the summer. College towns will be particularly affected by this.
The high season isn't as relatively high, nor the low season as low, in Amherst, where according to our data seasonality has a lesser effect on storage prices. If you'd still like to play it safe, which of course is always a good idea, one way to guard against seasonal price changes is by setting up an agreement with the facility to pay a single rate for your entire rental period. December is the least expensive month for storage in Amherst, with an average price of $35 for a storage unit. June is the most expensive month, when storage goes for an average rate of $82.
Just like real estate prices, prices on storage can be totally different in different parts of the same city. It could indeed be that a facility just a mile or two outside of town offers a much lower rate, but you won't find that facility unless you include a wider area in your search. The extra drive to the facility could very well be worth the monthly savings. If self-storage (often known as public self storage and mini storage) in Amherst is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
Amherst is the 83rd most expensive city for self storage in the state of New York, with the average price of a storage unit there coming in at $67.67. New York itself is the 6th most expensive state for storage. In general, storage units in Amherst go for $28.91 less than the state average of $96.58.
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. In order to establish some kind of index of affordability for Amherst storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. In New York, the median income is $50,994.00 a year, which would make the average $67.67 unit in Amherst cost 1.59% of a median earner's monthly income. As a percentage of monthly income this is very cheap compared to other cities in New York, ranking at the 25th percentile statewide, allowing us to say that storage in Amherst is extremely affordable.
Amherst storage prices are relatively cheap on the national scale as well. When compared with national cities they rank in the 49th 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 $4.48 less than that for self storage in Amherst.
Before you go out looking for a cheap storage unit in Amherst, it's important that you know how much a unit in Amherst ususally costs. Average prices varying as they do from place to place, the only valuable comparison you can make is with other storage facilities in the area. In order to prevent you from going into your storage search unprepared, we here at SelfStorage.com have prepared the numbers you need to know.
Expect to pay an average of $67.67 a month for a storage unit in Amherst. That monthly rate would come out to a yearly rate of $812.04, should you be thinking of renting long term. However, it's important to note that this is the average for all storage unit sizes. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. There are six standard sizes of storage units in Amherst, including: 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. Here are the average monthly rates for each size:
|Storage Unit Size||Average Price in Amherst, NY|
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, the average price of a home in Amherst is $165,000.