The self storage market being of a seasonal nature, the prices on offer at the moment could be substantially different from those you'll see two months from now. This seasonality, which is primarily generated by national moving patterns, hits its zenith in the late spring and early summer, and its nadir in the fall and winter. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. 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.
Schenectady is not as affected by seasonality as other cities, with storage prices experiencing smaller price fluctuations than 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. The lowest prices on self storage in Schenectady can be found during the month of January, with an average price of $35, while the most expensive month is September, with an average price of $115.
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. Knowing whether or not you should look in nearby cities depends on whether or not self-storage (sometimes called mini storage or public self storage) in those cities is less expensive than in Schenectady. We've gone ahead and figured that out for you.
Schenectady's average price of $35 a month for a unit ranks it as the 107th most expensive city for self-storage in New York, which itself ranks as the 6th most expensive state for storage. In general, storage units in Schenectady go for $61.58 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. 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. In New York, the median income is $50,994.00 a year, which would make the average $35 unit in Schenectady cost 0.82% 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 4th percentile statewide, allowing us to say that storage in Schenectady is extremely affordable.
When placed on a national scale and compared to cities across the country, storage prices in Schenectady are still very cheap, ranking at the 7th percentile in terms of relative expense. To put that in more concrete terms, storage in Schenectady should cost an average of $37.15 less than the national average price of 72.15.
The more facilities there are in the area you're searching, the more options you'll have. So how many self-storage businesses are operating in Schenectady?
Industry experts at SelfStorage.com estimate that there are approximately 17 storage facilities servicing the Schenectady, NY community. On average, cities in New York have 6 facilities listed on our network, 11 less than Schenectady. This leads us to conclude that Schenectady has a somewhat-high number of facilities for being a city in New York. Furthermore, Schenectady accounts for a full 2.48% of facilities in New York and ranks as the 7th-largest storage market out of all 113 cities in New York. Schenectady also has a large number of facilities for a city on the national scale, with 8 more facilities than the national average of 9.
But of course, comparing the raw number of storage facilities in Schenectady to other cities in New York and nationwide without taking population into account tells us very little. We ought to be comparing Schenectady, with its population of 61,469, to cities of similar size. Schenectady offers a slightly higher than average amount of storage space for its size: cities in the 50,000 to 100,000 population bracket have an average 11 storage facilities, 6 fewer than what can be found in Schenectady. That Schenectady has few facilities for its size seems to be further supported when we look at Schenectady's actual per capita storage facility coverage. Schenectady ranks in the 59th percentile for self-storage facilities per capita nationwide, meaning that compared to other cities across the country, Schenectady has a decent amount of storage space. But does Schenectady have a large number of storage facilities per person for a city in New York? Indeed, it does, ranking at the 58th percentile.
Before drawing the topic of storage facilities per capita to a close, we think it important to bring the fact that Schenectady has been experiencing a shrinking population to the table. Schenectady had 0.4% less people in 2010 than it did in 2000. The state of New York, however, had 2.1% more. 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 Schenectady a high supply but low demand city for storage, which of course is ideal for anyone seeking to book a unit there.
Searching for a storage unit in Schenectady without knowing how much one should cost is no way to go about finding a good deal. Even if you've booked storage units in other cities in the past, prices could be very different in your current city, which makes it difficult to know what is standard. But don't worry: we've gone ahead and calculated everything you might need to know about the price of storage in Schenectady.
Storage rentals in Schenectady have an average montly rate of $35. For those looking for a long term storage solution, that's an average of $420 a year. It's important to note here that that average price does include all standard storage unit sizes. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. Storage units in Schenectady come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. For each standard size, the average price in Schenectady is:
|Storage Unit Size||Average Price in Schenectady, NY|
Schenectady self storage typically costs between $29 and $65 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, Schenectady had an average home value of $98,500 which in the past year is down 0.010%.