Much like real estate values, storage prices can be totally different on one side of a city as they are on another. This should be of little surprise given storage's conection to the real estate industry. It could indeed be that a facility just a mile or two outside of town offers a much lower rate, but you won't find that facility unless you include a wider area in your search. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. But on the other hand, if we can show that self-storage (commonly known as mini storage or public self storage) is cheaper in Monroe than its surroundings, there's no reason to waste time looking elsewhere.
An average price of $29 a month for a storage unit makes Monroe the 64th most expensive city in North Carolina for self-storage, while North Carolina itself is the 29th most expensive state. When searching for storage in Monroe, expect to pay $34.82 less than North Carolina's average price of $63.82.
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. That's why we've developed a 'relative price' scale that takes state median income into account. A storage unit in Monroe will on average cost 0.77% of a median earner's monthly income, given that the yearly median income in North Carolina is $45,210.00. Compared to the price of storage as a percent of income in all North Carolina cities, Monroe ranks at the 3rd percentile, which means that self-storage here is very affordable.
In addition to being very cheap at the state level, storage in Monroe is also very cheap on the national scale, ranking at the 5th percentile when compared to other cities nationwide. Nationwide, storage costs an average $72.15 a month. Expect to pay about $43.15 less than that for self storage in Monroe.
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? If I'm searching for storage in Monroe, should I expect plenty of available storage facilities, or only a few?
Analysts at SelfStorage.com report that there are an estimated 7 storage facilities located in the Monroe area. 7 facilities isn't a very high number for a city in North Carolina; in fact, it's 3 less than the 10 an average city in North Carolina has on offer. It makes sense then that Monroe 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 Monroe on the national scale, where it has 2 facilities less than the national average of 9.
'But what about self storage facilities per capita?', you might be thinking. Comparing Monroe to other cities in North Carolina irrespective of population does, indeed, make little sense. Are the 7 facilities in Monroe sufficient at supplying the 33,436 people who call it home with enough extra storage space? After comparing Monroe to a group of cities of similar size, we found Monroe to be firmly average. Cities with populations of 25,000 to 50,000 averaged 7 facilities each, the very same number in Monroe. But then again, comparing Monroe against the averages in its 25,000 to 50,000 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. The 33,436 residents of Monroe have 7 self-storage facilities to choose between, which on a per capita basis ranks them in the 51st percentile nationwide. That's a relatively-high amount of space for each person living in Monroe. But if Monroe 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 30th percentile.
Another thing about Monroe we feel we should mention is that it's growing, and rapidly, having seen its population increase by 22% between the 2000 and 2010 census, a 3.5% higher growth rate than the 18.5% the state of North Carolina experienced as a whole. Though this influx of new residents may have indeed created a greater demand for storage, keep in mind that Monroe still boasts an abundant number of facilities per capita, meaning that storage businesses seem to have been able to keep up with the added demand for units.
Much like real estate, self-storage prices can change drastically within the space of a few miles in Monroe. Focus your storage search on the 30655 ZIP code of Monroe, where units rent for an average $72.00 a month, the lowest in the entire city. You probably won't be finding the best deal on storage in the 10950 ZIP code in Monroe, which with an average price of $162.41 a unit is the most pricey area in town.
The demand for storage being as highly seasonal as it is, moving between highs and lows throughout the year, the season you decide to book a unit during can have as much affect on the price you pay as any other factor. Late spring to late summer is typically considered the high season, while fall, winter, and early spring are when prices are usually at their lowest. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial 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.
The difference in price between high and low seasons is negligible in Monroe, which experiences low seasonal effects, according to our data. 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 Monroe can be found during the month of September, with an average price of $20, while the most expensive month is May, with an average price of $109.
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 Monroe. Since storage prices can change dramatically from one town to the next, the only real comparison you can make is with other facilities in the immediate area. Which is precisely the reason we've had the SelfStorage.com analysts dig through all the data in order to bring back the crucial information you need to book a unit in Monroe.
On average, storage facilities in Monroe charge a monthly rental rate of $29 for a storage unit. If your storage needs are longer-term, keep in mind that that would equate to an average price of $348 per year. Note that this average disregards the different unit sizes and so shouldn't be taken too literally. As should be expected, monthly rates will be quite different depending on thedimensions of the unit you choose. The standard sizes of storage units in Monroe are: 5x5, 5x10, 10x10, 10x15, and 10x20. For each standard unit size, the average rental rate in Monroe is:
|Storage Unit Size||Average Price in Monroe, NC|
Do you want to find the absolute best bargain on a self storage unit in Monroe, NC? September is the least expensive month for storage, and you'll have the most success looking in the 30655 ZIP code. Do your best to avoid searching in May, when units are at their priciest, and be aware that the 10950 area is costlier than other areas.
Monroe self storage typically costs between $32 and $142 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, Monroe had an average home value of $159,900 which in the past year is up 0.060%.