Akron, OH Self Storage: FAQ
How many storage facilities do I have to choose from in Akron? Does the area offer a large number of options?
A greater number of storage facilities equates to more available storage space, so the number of facilities operating in your city will be one of the most important factors in your storage search. So how many self-storage businesses are operating in Akron?
According to our estimates, there are approximately 29 storage businesses operating facilities in Akron. This is a very high number of facilities for a city in Ohio, where the average city is home to approximately 9 self-storage businesses, a full 20 less than those in Akron. Out of all 88 cities in Ohio listed on the SelfStorage.com network, Akron ranks as the 6th-highest in terms of number of storage businesses, accounting for 3.85% of facilities. Akron also has a large number of facilities for a city on the national scale, with 20 more facilities than the national average of 9.
'But what about self storage facilities per capita?', you might be thinking. Comparing Akron to other cities in Ohio irrespective of population does, indeed, make little sense. The population of Akron, OH is 207,209. With 29 self-storage facilities, does Akron offer relatively good or bad storage coverage? Akron offers a slightly higher than average amount of storage space for its size: cities in the 100,000 to 250,000 population bracket have an average 18 storage facilities, 11 fewer than what can be found in Akron. 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 Akron's 207,209 people--a figure which seems to have challenged our finding that there's plenty of storage to be had there. Per person, Akron ranks in the 37th percentile for self-storage facilities among cities across the nation. That means that 29 storage businesses serving a city of 207,209 people isn't a very high number, and indicates that finding the necessary storage space in Akron could be more difficult than in other cities. Just as Akron offers little storage space per person on a national scale, the same goes when we compare the city to others in its state, where it only ranks in the 32nd percentile for facilities per capita.
One more thing we'd like to note regarding Akron's storage facilities per capita is the fact that the city has seen part of its population trickle away over the past few years. From 2000 to 2010, Akron's population fell by 4.4%. This is in contrast to the rest of Ohio, which in total took on a 1.6%-larger population over the same period. Remember, though, that while relatively fewer people are moving into Akron and generating additional demand for storage, there's already a shorter supply of that storage than in most other cities in Ohio, as Akron had a low level of facilities per capita for its state.
Akron, OH storage price seasonality: Why it's better to book in November than January
It's often true that the same storage unit at the same storage facility will cost significantly more or less in April than it does in November. That's because self storage is a seasonal industry. The low season generally lasts from October through March, with prices kicking up in April and hitting their high from May to September. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' 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.
Other cities experience a lesser degree of seasonality than Akron does, the difference in price between its high and low seasons being slightly greater than average. This makes it particularly important to find a unit at a good, low price, then to lock in that price for the duration of your stay. The lowest prices on self storage in Akron can be found during the month of November, with an average price of $42.93, while the most expensive month is January, with an average price of $140.
How much does storage in Akron, OH cost?
Figuring out if a certain storage facility's offered price is any good is a hard call to make if you don't know how much a unit in Akron ought to cost in the first place. After all, storage prices can vary widely from place to place, so the only comparison you can make is with other facilities in the area. But don't worry: we've gone ahead and calculated everything you might need to know about the price of storage in Akron.
In Akron, storage units rent at an average of $140 a month. If you're thinking of renting a unit for the long term, that's approximately $1680 per year. Don't, however, take that number too seriously, as it doesn't discriminate by unit size. You can, after all, end up paying twice as much for the larger unit sizes than the smaller sizes. The standard sizes of storage available in Akron include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. By size, the average prices in Akron are:
|Storage Unit Size||Average Price in Akron, OH|
Are certain areas of Akron more expensive for storage units than others?
Self Storage rates can change dramatically from one neighborhood to the next in Akron. Focus your storage search on the 44312 ZIP code of Akron, where units rent for an average $64.20 a month, the lowest in the entire city. Akron's priciest area for storage lies within the 44321 ZIP code, where storage rental rates are an average $96.40 a month.
Is self storage in Akron expensive?
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. To some, the greater distance to the facility is worth the greater savings. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Akron, then you'll definitely want to expand your search. So is it?
With its average price of $140 a month for a unit, Akron is the 3rd most expensive city for self-storage in the state of Ohio, which itself is the 30th most-expensive state for storage. In more exact terms, storage in Akron costs an average of $76.25 more than the average storage unit in Ohio, which goes for 63.75.
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 Akron storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. In Ohio, the median income is $45,991.00 a year, which would make the average $140 unit in Akron cost 3.65% of a median earner's monthly income. This is a very high percentage of income compared to other cities in Ohio, ranking in at the 97th percentile statewide, which leads us to conclude that storage in Akron is not cheap.
Akron storage prices are very expensive on the national scale as well. When compared with national cities they rank in the 94th percentile. Nationwide, storage costs an average $72.15 a month. Expect to pay about $67.85 more than that for self storage in Akron.
AKRON SELF STORAGE: THE BOTTOM LINE
Trying to locate an especially inexpensive self storage unit in Akron, OH? November offers the cheapest prices on storage, and prices are least expensive in the 44312 ZIP code. The worst time of the year to look for storage is January, which is the most expensive time to book a unit, and remember that the 44321 area is the most expensive part of town for storage.