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. Depending on how often you'll need to access your unit, this could be the way to go. In order to help you know whether or not to expand your search, the analysts at SelfStorage.com have done the math to figure out whether self-storage (also called mini storage or public self storage) in Newburgh is relatively more or less expensive than other cities.
Newburgh is the 63rd most expensive city for self storage in the state of New York, with the average price of a storage unit there coming in at $80.1. New York itself is the 6th most expensive state for storage. When searching for storage in Newburgh, expect to pay $16.48 less than New York's average price 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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. Given that the average price of a storage unit in Newburgh is $80.1 and the median income in New York is $50,994.00 a year, we can determine that a storage unit would require 1.88% of a median earner's monthly paycheck. When we compare this percentage to other cities in New York, we find that it ranks at the 42nd percentile and is therefore a relatively cheap place to rent a storage unit.
On the other hand, storage in Newburgh is somewhat expensive on the national scale, ranking at the 63rd percentile nationwide. To put that in more concrete terms, storage in Newburgh should cost an average of $7.95 more than the national average price of 72.15.
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. If I'm searching for storage in Newburgh, should I expect plenty of available storage facilities, or only a few?
Based on our data, we estimate that there are about 6 storage facilities doing business in the Newburgh, NY area. The average number of facilities in New York cities is also 6. Newburgh has the 25th most facilities among these 113 cities, and takes up 0.88% of the state's total facilities. Newburgh may be perfectly average for a city in NY, but on a national scale it actually has fewer facilities than most cities--3 fewer than the national average of 9, to be exact.
If we're making comparisons between cities, however, we're missing out on some important insights if we don't factor population in, even if we're simply comparing Newburgh to the rest of New York. Do the 6 self storage facilities in Newburgh offer the 28,173 people living there enough extra storage space? How does Newburgh compare to similarly-sized cities? Cities of similar size, as it turns out, offer more storage space than Newburgh does. The average number of facilities for a city in the 25,000 to 50,000 population bracket is 7, which is 1 more than can be found in Newburgh. But on the other hand, Newburgh's count of facilities per capita seems to have contended the notion that it has little storage space for the 28,173 people living there. Newburgh ranks in the 51st percentile for self-storage facilities per capita nationwide, meaning that compared to other cities across the country, Newburgh has a decent amount of storage space. Is Newburgh still a city with a fairly-large amount of storage space for its population compared to others in New York? Indeed, it is, placing into the 50th percentile among cities in New York.
To conclude our discussion of storage facilities per capita, it's worth noting that Newburgh's population has been dwindling over the past few years. In the decade span between the 2000 and 2010 censuses, Newburgh experienced a 0.7% decrease in inhabitants. During that same span, however, the state of New York took on 2.1% more people. With less demand for storage generated by fewer incoming inhabitants and a high amount of storage businesses per capita, Newburgh would seem to be a great place to be searching for storage.
Scoring a great deal on a storage unit in Newburgh has everything to do with knowing what kind of price range to expect. After all, storage prices can vary widely from place to place, so the only comparison you can make is with other facilities in the area. That's why, in order to make sure you go into your storage search as well-informed as possible, we've gone ahead and gathered the data for you.
Self storage units in Newburgh go for an average monthly price of $80.1. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $961.2 a year. This average does encompass all storage unit sizes, so it should be taken with a large grain of salt. As you might expect, monthly rates will change depending on the size of the unit you choose. In Newburgh you'll have the option of booking six standard storage unit sizes, such as 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard size, the average price in Newburgh is:
|Storage Unit Size||Average Price in Newburgh, NY|
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 lasts from late spring to late summer, the most popular period for those moving into a new home. 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. 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.
According to our data, Newburgh's rental rates aren't as dependent on the time of year as other cities, which leads us to conclude that seasonality is less of a factor here. Even so, it's often a good idea to book at the lowest price and then lock in that rate with the facility. The best month to go searching for storage in Newburgh is August, when the average unit goes for a low $48.75 a month. The worst month, on the other hand, is December, when units hit a high of $116.1.
Newburgh self storage typically costs between $89 and $205 a month. Storage is currently in stock.
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, Newburgh had an average home value of $199,000 which in the past year is down 0.030%.