It's often the case that storage prices can swing to the opposite end of the spectrum within a few blocks in the same city, just as real estate values are liable to do. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. To some, the greater distance to the facility is worth the greater savings. However, if self-storage (often called mini storage or public self storage) in Charlotte is relatively cheap for the area then searching farther afield might do little good. So how do prices in Charlotte stack up to the rest of the state?
With its average price of $70.67 a month for a unit, Charlotte is the 22nd most expensive city for self-storage in the state of North Carolina, which itself is the 29th most-expensive state for storage. In more exact terms, storage in Charlotte costs an average of $6.85 more than the average storage unit in North Carolina, which goes for 63.82.
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. In order to establish some kind of index of affordability for Charlotte storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. A storage unit in Charlotte will on average cost 1.88% of a median earner's monthly income, given that the yearly median income in North Carolina is $45,210.00. As a percentage of the local median income, storage costs rank at the 67th percentile among cities in North Carolina, making Charlotte more expensive than most cities.
The same holds true on a national scale, where self-storage rates in Charlotte are comparatively somewhat expensive, ranking in at the 63rd percentile among cities on our nationwide network. To put that in more concrete terms, storage in Charlotte should cost an average of $1.48 less than the national average price of 72.15.
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. So does Charlotte offer plenty of options when it comes to different storage facilities?
According to the data on our facility network, there are 58 storage businesses operating in Charlotte, NC. How does that number compare to other communities? It's a full 48 facilities more than the average city in North Carolina, where there are an average 10 facilities in each city. If we were to rank Charlotte among the other 70 cities in North Carolina, it would come out as the 1st largest market for self storage, accounting for a surprising 8.15% of all facilities in the state. How does Charlotte fare against cities outside of North Carolina? On a national scale, it still has more facilities than the average city, 49 more than the average 9, to be more precise.
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 Charlotte to the rest of North Carolina. So how does Charlotte, with its population of 704,422, compare to cities with similar populations? Considering that the average city that falls in the 250,000 to 1,000,000 population bracket has 49 self storage facilities, we can conclude that Charlotte, which boasts 9 more, has a fairly-high amount of storage space for its size. It is important to note that comparing cities of like size might not be the best measure, and that a more accurate conclusion might be had by looking at how many facilities there are for Charlotte's 704,422 people--a figure which seems to have challenged our finding that there's plenty of storage to be had there. With only 58 self storage businesses serving a community of roughly 704,422 people, Charlotte lands in the 20th percentile for storage facilities per capita nationwide. That obviously means there's not as much storage space for each resident as there is in other cities, which could clealy complicate your storage search. Even when we only compare Charlotte to other cities in its state, it still appears to have relatively little self-storage space for the size of its population, coming in at the 10th percentile for facilities per capita among cities in North Carolina.
Finally, according to US Census data, Charlotte's population grew by 23.6% between the 2000 and 2010 censuses, a surprising 5.1% more growth than the 18.5% that North Carolina grew as a whole. But of course, a surging population isn't the only reason to think that storage in Charlotte might be in high demand: combine that with a low number of facilities per person and you've got a recipe for a red-hot storage market.
If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. Sometimes called 'National Moving Day' or 'Crazy Tuesday', the day following Memorial Day is typically the busiest for storage businesses and the highest point of the high season. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Charlotte, according to our data, is virtually unaffected by seasonality relative to other cities, with lower highs and higher lows relative to what other cities experience. Still, booking during the low season and locking in your price with the facility is an important part of getting a good deal on self storage. You're most likely to get a good deal on a storage unit in Charlotte during the month of March, when the average price is at its lowest, $38.23 a month. You're least likely to get a good deal in July, when the average price is a high $73.7.
Storage prices often follow real estate trends, which means that certain areas of Charlotte can be significantly more or less expensive than others. Focus your storage search on the 28209 ZIP code of Charlotte, where units rent for an average $57.57 a month, the lowest in the entire city. The priciest part of town to rent storage in is the 28277 ZIP code, where rates average $149.60 per month.
It's nearly impossible to know what a good monthly rate on a storage unit is if you don't know what kind of prices to expect in Charlotte. Even though you may have booked storage units in other cities in the past, prices could be quite different in your current location, which makes it difficult to know what the standard price is. In order to help you go into your storage search with the right knowledge, the analysts here at SelfStorage.com have crunched the numbers and processed the data so that you can know what kind of rental rates to expect.
self storage renters in Charlotte pay an average montly rate of $70.67. To give those thinking of renting storage for a year or more some better perspective, that's about $848.04 per anum. Keep in mind though that prices for all unit sizes in Charlotte 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. The standard sizes of storage units in Charlotte are: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard storage unit size, here's how much you should expect to pay per month in Charlotte:
|Storage Unit Size||Average Price in Charlotte, NC|
Are you trying to locate a bargain on a self storage unit in Charlotte, NC? Then start your search during March within the 28209 ZIP code. The worst time of the year to look for storage is July, when prices are at their highest, and be mindful of the fact that 28277 area is the priciest.
Charlotte, NC self storage typically costs between $36 and $220 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, Charlotte had an average home value of $185,000 which in the past year is up 0.075%.