Scoring an excellent price on a storage unit in Apex often comes down to knowing what kind of price range to expect. Storage prices can shift dramatically from one city to another, so knowing the standard for a specific area can be difficult without prior experience booking storage there. But you needn't fret, need to fret,as our analysts have sifted through the data and have all the figures on storage in Apex that you might need.
Rental rates on storage in Apex average $103.33 per month. If your're in need of storage for a longer term, remember that at that rate a unit will cost you approximately $1239.96 a year. Keep in mind though that prices for all unit sizes in Apex were included when calculating that figure, so comparing it any individual unit will do you little good. You can easily end up paying up to or exceeding twice as much money for the larger units than the smaller sizes. Self storage in Apex comes in these standard sizes: 5x5, 5x10, 10x10, 10x15, and 10x20. For each standard storage unit size, here's how much you should expect to pay per month in Apex:
|Storage Unit Size||Average Price in Apex, NC|
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. 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 Apex. We've gone ahead and figured that out for you.
With its average price of $103.33 a month for a unit, Apex is the 6th most expensive city for self-storage in the state of North Carolina, which itself is the 29th most-expensive state for storage. In general, storage units in Apex go for $39.51 more than the state average of $63.82.
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. In order to establish some kind of index of affordability for Apex storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. Given that the average price of a storage unit in Apex is $103.33 and the median income in North Carolina is $45,210.00 a year, we can determine that a storage unit would require 2.74% of a median earner's monthly paycheck. As a percent of the average local income, self-storage in Apex is quite expensive, with its relative price ranking in at the 92nd percentile in North Carolina.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Apex are still very expensive, ranking at the 86th percentile in terms of relative expense. Expect to pay $31.18 more than the national average of $72.15 when searching for self storage in Apex.
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. About how many storage facilties are serving the Apex area?
SelfStorage.com has 7 storage facilities in Apex, NC listed on its network. Our storage industry analysts also report that the average city in North Carolina has about North Carolina storage facilties currently serving the community, a full 3 more than what's on offer at Apex. It makes sense then that Apex is only the 28th largest city for storage out of all 70 cities in North Carolina listed on our network, containing only 0.99% of all facilities in the state. The same goes when we put Apex on the national scale, where it has 2 facilities less than the national average of 9.
On the other hand, comparing the total number of storage facilities in one city to another irrespective of the number of people that live in each city makes little sense, even when we're comparing Apex to other cities in North Carolina. Approximately 34,031 people live in Apex, NC. Is that a large population for a city with 7 self-storage facilities, or a small one? It so happens that Apex with its 7 facilities is perfectly typical for a city its size: the average for all cities with population of 25,000 to 50,000 also happens to be 7. Another way of looking at how much storage space there is in Apex for its 34,031 inhabitants would be facilities per person. Is Apex still average according to that metric? On a per capita basis, Apex ranks in the 50th percentile nationwide, so there's a fairly-high amount of storage space for the 34,031 people living in Apex. But if Apex appeared to have a large amount of storage space for a city on the national scale, it doesn't in North Carolina, where it only ranks in the 27th percentile.
Finally, according to US Census data, Apex's population grew by 60.2% between the 2000 and 2010 censuses, a surprising 41.7% more growth than the 18.5% that North Carolina grew as a whole. The new demand created by population growth might overwhelm the storage industry in some cities, but keep in mind that despite that growth, Apex still offers a high number of facilities per person and should thus be better equiped to meet any added demand.
As self storage is a seasonal industry, the prices you're seeing now may be very different from those on the same unit at the same facility a few months down the road. The low season generally lasts from October through March, with prices kicking up in April and hitting their high from May to September. 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. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
Those looking for storage in Apex shouldn't have to worry as much about seasonal prices swings, as according to our data these swings are much less extreme here than elsewhere. But even if price changes are less of a risk in Apex, locking in a rate is almost always a smart, safe move. Storage prices are at their highest in Apex during the month of July, where they hit an average price of $111.11, while prices are at their lowest in December, where they go for a low $57.6 a month.
Apex self storage typically costs between $60 and $119 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, Apex had an average home value of $330,900 which in the past year is up 0.056%.