The more facilities there are in the area you're searching, the more options you'll have. When it comes to the number of facilities operating in Southampton, how many options are available?
According to the data on our facility network, there are 3 storage businesses operating in Southampton, NY. When placed in comparison to other cities in the state, Southampton offers storage searchers relatively few facilities: the average city in New York has 6 storage businesses listed on the SelfStorage.com network, 3 more than Southampton does. Out of the 113 cities in New York, Southampton is home to only the 54th highest count of facilities, or 0.44% of the state's total. Just as Southampton has a below-average number of storage facilities for a city in New York, the same is true on a national scale, where the city has 6 fewer facilities than the 9 that can be found in the average US city.
Of course, simply comparing cities irrespective of their various populations tells us very little about these cities, even when we're comparing Southampton to other cities in New York. Approximately 4,497 people live in Southampton, NY. Is that a large population for a city with 3 self-storage facilities, or a small one? It so happens that Southampton with its 3 facilities is perfectly typical for a city its size: the average for all cities with population of 1,000 to 5,000 also happens to be 3. But then again, comparing Southampton against the averages in its 1,000 to 5,000 bracket doesn't necessarily tell us if there's enough storage per person. A per capita facility count would probably provide us with more relevant information. Per person, the 3 self-storage facilities in Southampton rank it in the 83rd percentile nationwide, meaning there should be a very high amount of storage space for its 4,497 residents. When it comes to cities in New York, Southampton still has a comparatively-high level of storage space per capita, ranking in at the 83rd percentile.
Our discussion of facilities per capita can't be completed without mentioning Southampton's rapid population growth from 2000-2010, a period over which it took on 13% more people. That's a 10.9%-higher growth rate than New York, which grew by 2.1%, saw as a whole. But seeing as Southampton still has a high number of facilities per capita despite its decade of growth, it seems that the storage industry has been able to keep up with the rising demand by building more facilities in the area.
Finding and locking in a good monthly rate on your self storage unit has a lot to do with the time of year you book it, as prices vacillate from season to season. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. 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. 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.
Compared with other cities, Southampton experiences very high seasonal changes. One way of insulating yourself against seasonal rate changes is by signing a contract with the facility that specifies a length of stay and a single, unchanging rate, if possible. Those looking for self storage in Southampton will find the lowest prices in February, with its average price of $53.25. March, however, is the most expensive month, averaging $288.
It's often true that certain areas in a city offer much lower storage rental rates than others. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Southampton to see how it compares with other cities in its state.
An average price of $251 a month for a storage unit makes Southampton the 2nd most expensive city in New York for self-storage, while New York itself is the 6th most expensive state. In more exact terms, storage in Southampton costs an average of $154.42 more than the average storage unit in New York, which goes for 96.58.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. 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 Southampton is $251 and the median income in New York is $50,994.00 a year, we can determine that a storage unit would require 5.91% of a median earner's monthly paycheck. When compared to storage price as a percent of income in other cities in New York, Southampton ranks in the 99th percentile, meaning that storage here is quite expensive.
In addition, storage in Southampton is also very expensive on the national scale, ranking at the 99th percentile compared to other cities across the nation. Expect to pay $178.85 more than the national average of $72.15 when searching for self storage in Southampton.
If this is your first time searching for a storage unit in Southampton you might not know what kind of prices to expect. 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. 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 Southampton storage you might need.
The average price of a self storage unit in Southampton is $251 a month. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $3012 a year. 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 Southampton, including: 5x5, 5x10, 10x10, Below you'll find the average price by each size:
|Storage Unit Size||Average Price in Southampton, 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, Southampton had an average home value of $1,450,000 which in the past year is up 0.042%.