Hamilton, OH Self Storage: FAQ
How much should I expect my storage rental rates to be in Hamilton?
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. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. The extra drive to the facility could very well be worth the monthly savings. That being said, if we can determine that self-storage (which also goes by mini storage and public storage) prices are lower in Hamilton than in other nearby cities, we can make it easier for you to decide whether or not to take the time on a wider search.
Hamilton's average price of $99 a month for a unit ranks it as the 12th most expensive city for self-storage in Ohio, which itself ranks as the 30th most expensive state for storage. To give you a better idea of what this means, Hamilton's average price is $35.25 more than the state average of $63.75.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. The median income in Ohio is $45,991.00, which means the average storage unit in Hamilton would require 2.58% 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 87th percentile statewide, which leads us to conclude that storage in Hamilton is not cheap.
When placed on a national scale and compared to cities across the country, storage prices in Hamilton are still very expensive, ranking at the 83rd percentile in terms of relative expense. Expect to pay $26.85 more than the national average of $72.15 when searching for self storage in Hamilton.
About how much does a Hamilton, OH storage unit cost?
Finding the best price on a storage unit in Hamilton can be tough if you don't know what a good price is. Even if you've booked storage units in other cities in the past, prices could be very different in your current city, which makes it difficult to know what is standard. But there's no need to worry: we here at SelfStorage.com have all the data to help you go into your storage search well-informed.
The average price of a self storage unit in Hamilton is $99 a month. To put that into perspective for those thinking of renting a unit for a year or more, that's about $1188 per year. Do keep in mind, though, that that average is for all unit sizes in Hamilton together, so comparing it to individual units will do you little good. There can be, and often are, substanial price differences between different unit sizes. The standard sizes of storage available in Hamilton include 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. In Hamilton, the average price for each standard size is:
|Storage Unit Size||Average Price in Hamilton, OH|
What's storage facility coverage like in Hamilton, OH? Are there plenty of facilities to choose from, or only a few?
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? About how many storage facilties are serving the Hamilton area?
There are 7 total storage facilities in Hamilton, OH on the SelfStorage.com network. Our storage industry analysts also report that the average city in Ohio has about Ohio storage facilties currently serving the community, a full 2 more than what's on offer at Hamilton. Hamilton accounts for only 0.93% of facilities in Ohio, ranking as the 32nd largest storage market out of all 88 cities in the state. The same can be said for Hamilton on a national scale as well, where it has 2 fewer than the nine facilities that can be found in the average American city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Hamilton to other cities in Ohio irrespective of population does, indeed, make little sense. Are the 7 facilities in Hamilton sufficient at supplying the 62,742 people who call it home with enough extra storage space? Hamilton, as it turns out, has fewer storage facilities than is typical of a city its size. Cities with a population of 50,000 to 100,000 have an average 11 facilities, 4 more than Hamilton's 7. When we next look at Hamilton's actual per person self-storage facility count, our former conclusions seem to be substantiated beyond any reasonable doubt: the Hamilton community has few facilities for its size. The 7 facilities in Hamilton for its 62,742 residents rank it in the 29th percentile for storage facilities per capita among cities across America. That's a relatively-low rank, and seems to indicate that there's not a whole lot of extra storage space in Hamilton for those 62,742 people living there. Even if we restrict our scope of comparison to the state level, Hamilton doesn't seem to offer its population as much storage space as other cities do, attaining a low rank in the 25th percentile for facilities per capita among cities in Ohio.
The fact that Hamilton is growing, and doing so at a rapid rate, also bears mentioning in our discussion of storage facilities per person. The US Census reports that Hamilton saw 3.5% more people move there in the first decade of this century, 1.9% more than the 1.6% population that Ohio saw altogether. But of course, a surging population isn't the only reason to think that storage in Hamilton 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.
Hamilton, OH storage price seasonality: Why it's better to book in February than May
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. The high season typically begins in April or May and lasts till August or September, with prices dropping back down to their lowest in the late fall and winter. 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. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Seasonality doesn't affect prices in Hamilton as much as it does other cities, meaning there's less of a difference in price between low and high seasons. Even so, it's often a good idea to book at the lowest price and then lock in that rate with the facility. Your chances of getting a low price on a storage unit in Hamilton are highest during February, when the average rental rate drops to a low $37.5. Your chances are lowest during May, which with an average price of $105.29 is the most expensive time to book a unit.