As storage prices are closely tied to local real estate prices, it makes sense that rental rates can often differ substantially even in neighboring cities. If you're searching for the cheapest storage unit out there, a good rule of thumb is to look farther abroad than you originally set out to. 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 East Syracuse is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
East Syracuse is the 51st most expensive city for self storage in the state of New York, with the average price of a storage unit there coming in at $92. New York itself is the 6th most expensive state for storage. When searching for storage in East Syracuse, expect to pay $4.58 less than New York's average price of $96.58.
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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. The median income in New York is $50,994.00, which means the average storage unit in East Syracuse would require 2.16% of a median earner's monthly income. This is a somewhat-large percentage of income compared to other cities in New York, ranking in at the 55th percentile statewide. We have to conlude from this that storage in East Syracuse is relatively expensive.
In addition, storage in East Syracuse is also somewhat expensive on the national scale, ranking at the 73rd percentile compared to other cities across the nation. Nationwide, storage costs an average $72.15 a month. Expect to pay about $19.85 more than that for self storage in East Syracuse.
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in East Syracuse should cost in the first place. Since unit prices can change dramatically from one city to the next, the only real measure you have is other facilities in the immediate area. That's why we've had our analysts at SelfStorage.com analyze all the data you might need to find a cheap unit in East Syracuse.
Storage rentals in East Syracuse have an average montly rate of $92. To put that into perspective for those thinking of renting a unit for a year or more, that's about $1104 per year. Keep in mind that that average does not differentiate between the different sizes of units, and so should be taken with a grain of salt. Larger units can be more than twice as expensive as the smaller sizes. Storage units in East Syracuse come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The following are the average prices for each size:
|Storage Unit Size||Average Price in East Syracuse, NY|
The more facilities there are in the area you're searching, the more options you'll have. So are there a large or small number of storage businesses operating in East Syracuse?
6 storage facilities in East Syracuse, NY are listed on SelfStorage.com's facility network. To put that number into a better perspective, the average city in New York also has 6 facilities, which puts East Syracuse in place as the 25th biggest market for storage out of the 113 cities in New York, with a 0.88% share of the state's total facilities. Nationally, however, a below-average number of storage facilities are located in East Syracuse, 3 less than the average 9, to be exact.
But of course, comparing the raw number of storage facilities in East Syracuse to other cities in New York and nationwide without taking population into account tells us very little. East Syracuse, NY has approximately 2,976 inhabitants. Do the 6 storage businesses there offer the community enough storage space? It turns out that East Syracuse actually does have a decent amount of storage space for its size, with a few more facilities than average. Cities with populations of 1,000 to 5,000 average 3 storage facilities, 3 fewer than in East Syracuse. But then again, such a population bracket covers a wide range of cities. A more accurate measure would be East Syracuse's per capita facility count--a measure which has strenthened our former results, showing East Syracuse to indeed have plenty of storage space for its population. On a per capita basis, East Syracuse ranks in the 96th percentile for storage facilities compared with other cities nationwide, meaning there is a very high amount of storage space per person. The same goes for East Syracuse when we compare it to other cities in New York: just as it achieves a high rank for per capita storage facilities versus cities nationwide, it ranks in the 95th percentile for cities in New York.
Finally, it bears mentioning that East Syracuse has been experiencing a downward trend in population growth in recent years, losing 6.2% of its population from 2000 to 2010, according to the US Census. Meanwhile, the rest of New York as a whole saw a population increase of 2.1% over that same period. Such a low growth rate relative to other cities in New York, not to mention its higher number of facilities per capita than most of those cities, would seem to make East Syracuse a high supply but low demand city for storage, which of course is ideal for anyone seeking to book a unit there.
It's often true that the same storage unit at the same storage facility will cost significantly more or less in April than it does in November. That's because self storage is a seasonal industry. 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. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. 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.
There's not as much of a difference between prices during the high and low seasons in East Syracuse as there is in other cities, meaning seasonality is less of a concern here. Even so, it's often a good idea to book at the lowest price and then lock in that rate with the facility. Your chances of getting a low price on a storage unit in East Syracuse are highest during November, when the average rental rate drops to a low $34.63. Your chances are lowest during January, which with an average price of $92 is the most expensive time to book a unit.
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 East Syracuse is $54,900.