Toledo, OH Self Storage: FAQ
Is storage in Toledo cheaper than in other cities?
As storage prices are closely tied to local real estate prices, it makes sense that rental rates can often differ substantially even in neighboring cities. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. While it's true that accessing the unit will be more cumbersome the farther it is away, the potential savings could make you complacent with any extra inconvenience. If we can show that self-storage (also known as public self storage and mini storage) in Toledo is more expensive than its surroundings, then you'll know to expand your search.
Toledo is the 47th most expensive city for self storage in the state of Ohio, with the average price of a storage unit there coming in at $55. Ohio itself is the 30th most expensive state for storage. When searching for storage in Toledo, expect to pay $8.75 less than Ohio's average price of $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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. The median income in Ohio is $45,991.00, which means the average storage unit in Toledo would require 1.44% of a median earner's monthly income. This is actually a moderately-low percentage of income to spend on a storage unit: compared to other cities in Ohio it ranks at the 44th percentile.
In addition, storage in Toledo is also relatively cheap on the national scale, ranking at the 40th percentile compared to other cities across the nation. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $17.15 less than that for self storage in Toledo.
Are there a large number of storage facilties in Toledo, OH? Should I have an easy time finding the unit I need?
More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. About how many storage facilties are serving the Toledo area?
Industry experts at SelfStorage.com estimate that there are approximately 29 storage facilities servicing the Toledo, OH community. If we compare this to other cities in Ohio, which average 9 facilities per city, Toledo offers 20 more--quite the substantial number. Toledo also boasts the 6th highest count of storage facilities out of all 88 cities in Ohio, making up 3.85% of the state's facility count. How does Toledo fare against cities outside of Ohio? On a national scale, it still has more facilities than the average city, 20 more than the average 9, to be more precise.
Since, however, there are huge disparities in population between Toledo and other cities in Ohio, comparing the number of storage businesses in each tells us very little. 316,179 people make Toledo their home. Is 29 a relatively high or low number of storage facilities for such a population? Toledo, as it turns out, has fewer storage facilities than is typical of a city its size. Cities with a population of 250,000 to 1,000,000 have an average 49 facilities, 20 more than Toledo's 29. When we next look at Toledo's actual per person self-storage facility count, our former conclusions seem to be strenthened beyond any reasonable doubt: the Toledo community has few facilities for its size. In terms of facilities per capita, Toledo only ranks in the 23rd percentile among cities on our storage network, which seems to indicate quite convincingly that the 29 storage businesses in Toledo is a very low number for a city of 316,179 people. Even for a Ohio city, Toledo doesn't seem to be inundated with an overabundance of self-storage space, as it only ranks in the 18th percentile for storage businesses per person among cities in the state.
We feel we should also mention the fact that Toledo has seen moderate population increases in the past decade, jumping 0.7% from 2000 to 2010. That's not an inconsequential increase, however it is 0.9% less than the 1.6% growth the state of Ohio saw in total. Keep in mind, though, that while there's probably not as much demand generated by people moving into town as there is in other Ohio cities, Toledo already has relatively fewer storage facilities for its size than many of those faster-growing cities.
On average, what should I expect to pay for a storage unit in Toledo?
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 Toledo ought to cost in the first place. Average prices varying as they do from place to place, the only valuable comparison you can make is with other storage facilities in the area. That's why the analysts at SelfStorage.com have crunched the numbers so that you can know what to expect before you begin your storage search.
On average, a storage unit in Toledo goes for $55 a month. To put that into perspective for those thinking of renting a unit for a year or more, that's about $660 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. Storage units in Toledo come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. By size, the average prices in Toledo are:
|Storage Unit Size||Average Price in Toledo, OH|
What's the best time of year to book self storage in Toledo, OH?
Prices on self storage units can change dramatically from month to month over the course of the year, spiking higher or dipping lower depending on the season. The period between April and September is typically considered the high season for storage, while prices are lower the rest of the year, notably through October and March. 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. If you're looking for a storage unit in a location with a large student population, be aware that your high season might see an even greater lift in prices than elsewhere, as students often book a large number of units during the summer.
According to our data, there's very little change in the average price of a storage unit throughout the year in Toledo, meaning you shouldn't have to put too much thought into seasonality when looking for your unit. Still, hunting for storage during the cheapest month of the year is always a great way to find a good deal. With its average price of $48.8, October is the cheapest month to book storage in Toledo. With an average price of $60.5, September is the most expensive month to rent storage in Toledo.
Which parts of Toledo are most inexpensive for storage units? Which parts are the most high-priced?
Storage prices on one side of Toledo can be totally different on the other side of the city. The cheapest place for storage space in Toledo is within the 43615 ZIP code. The average unit there goes for $80.35 a month. Units rent at the highest price in the 43612 ZIP code, where they average $105.19 a month.
SELF STORAGE IN TOLEDO, OH: THE BOTTOM LINE
Are you seeking out a seriously cheap self storage unit in Toledo, OH? October is your best bet at finding inexpensive storage, while the top bargains will be located in the 43615 ZIP code. The worst time of the year to look for storage is September, when unit prices hit their pinnacle, and be alert to the fact that the 43612 area is the most expensive in Toledo for storage.