Self Storage in Albany: FAQ
Is self storage in Albany expensive?
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. 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 Albany 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.
Albany's average price of $90 a month for a unit ranks it as the 8th most expensive city for self-storage in Oregon, which itself ranks as the 24th most expensive state for storage. In more exact terms, storage in Albany costs an average of $19.19 more than the average storage unit in Oregon, which goes for 70.81.
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. A storage unit in Albany will on average cost 2.08% of a median earner's monthly income, given that the yearly median income in Oregon is $51,862.00. This is a very high percentage of income compared to other cities in Oregon, ranking in at the 76th percentile statewide, which leads us to conclude that storage in Albany is not cheap.
When placed on a national scale and compared to cities across the country, storage prices in Albany are still somewhat expensive, ranking at the 70th percentile in terms of relative expense. To put that in more concrete terms, storage in Albany should cost an average of $17.85 more than the national average price of 72.15.
Where can I book the lowest prices on self-storage units in Albany, Oregon?
Storage prices on one side of Albany can be totally different on the other side of the city. Focus your storage search on the 31707 ZIP code of Albany, where units rent for an average $55.23 a month, the lowest in the entire city. You probably won't be finding the best deal on storage in the 12202 ZIP code in Albany, which with an average price of $120.03 a unit is the priciest area in town.
What's a typical rental rate for Albany storage?
If this is your first time searching for a storage unit in Albany you might not know what kind of prices to expect. 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, in order to make sure you go into your storage search as well-informed as possible, we've gone ahead and gathered the data for you.
The average price of a self storage unit in Albany is $90 a month. If you're thinking of renting a unit for the long term, that's approximately $1080 per year. However, it's important to note that this is the average for all storage unit sizes. You can, after all, end up paying twice as much for the larger unit sizes than the smaller sizes. In Albany you'll have the option of booking six standard storage unit sizes, such as 5x10, 10x10, 10x15, and 10x20. For each standard size, here's how much you might expect to pay per month in Albany:
|Storage Unit Size||Average Price in Albany, OR|
Self storage prices in Albany, OR seem to spike sharply during the month of August. If that's the most expensive month, which one is cheapest?
Self storage prices are highly seasonal, with rental prices often fluctuating widely throughout the year. 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. Known to some in the industry as 'Crazy Tuesday,' the day following Memorial Day is typically the busiest of the year for storage and brings the high season into full swing. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
Seasonality is not particularly pronounced in Albany, meaning that month-to-month prices vary less than they do elsewhere. Even though you shouldn't have to worry as much about your rates changing later in the year, it's always best to lock in your rate with the facility if possible. The best month to go searching for storage in Albany is November, when the average unit goes for a low $39 a month. The worst month, on the other hand, is August, when units hit a high of $96.5.
Are there plenty of storage facilities in Albany, or might I need to expand my search into surrounding towns and suburbs?
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. In terms of the number of storage businesses in Albany, are there plenty of options available, or few?
Based on our data, we estimate that there are about 12 storage facilities doing business in the Albany, OR area. The average city in Oregon is home to about 10 storage facilties, 2 less than what can be found in Albany, meaning Albany has a reasonably-large number of facilities. Albany accounts for a surprising 3.42% of all facilities listed in Oregon, coming in at 9th out of 35 cities in terms of facility count. Albany isn't only a large storage market in terms of its state, either, as its 12 facilities give it 3 more than the national average of 9 facilities per city.
But of course, there are vast differences in population between Albany and other cities in Oregon, and even more so nationwide, so not controlling for population makes little sense. Do the 12 self storage facilities in Albany offer the 48,447 people living there enough extra storage space? How does Albany compare to similarly-sized cities? It turns out that the average city in the 25,000 to 50,000 population bracket has 7 self-storage facilities listed on our network. That's 5 fewer facilities than are listed in Albany, leading us to conclude that Albany is slightly above-average among cities of similar size. Indeed, that Albany has a good number of storage facilities for its population is verified once more when we look at its per person facility count. Albany ranks in the 55th percentile for self-storage facilities per capita nationwide, meaning that compared to other cities across the country, Albany has a decent amount of storage space. But having a larger amount of storage space per capita on the national scale is not the same on the state level, and in Oregon Albany does not get as stellar results, ranking in only at the 44th percentile for self-storage businesses per capita.
Lastly, US Census data shows that Albany is growing fast, its population jumping by 17.9% from 2000 to 2010, a 5.9% higher increase than the 12% growth that Oregon saw as a whole. But even after all that population growth, Albany still offers more facilities per person than many other cities. All that extra space may help even out the demand created by its new residents.
THE BOTTOM LINE ON ALBANY SELF STORAGE:
Are you searching for a crazy-cheap self storage unit in Albany, OR? November is the best time to begin your hunt for storage, while the cheapest neighborhood for storage is the 31707 ZIP code. The worst time to search for storage is during August, when unit prices reach their year-long summit, and be conscious of the fact that the 12202 area has the worst prices.