Self Storage in Medford, OR: Frequently Asked Questions
How does the price of a storage unit in Medford compare with other cities?
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. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. The extra drive to the facility could very well be worth the monthly savings. However, if self-storage (often called mini storage or public self storage) in Medford is relatively cheap for the area then searching farther afield might do little good. So how do prices in Medford stack up to the rest of the state?
An average price of $55 a month for a storage unit makes Medford the 23rd most expensive city in Oregon for self-storage, while Oregon itself is the 24th most expensive state. When searching for storage in Medford, expect to pay $15.81 less than Oregon's average price of $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. The median income in Oregon is $51,862.00, which means the average storage unit in Medford would require 1.27% of a median earner's monthly income. This is a somewhat-low percentage of income to spend on storage compared to prices in other cities, ranking at the 35th percentile among cities in Oregon, meaning storage here is pretty cheap.
Medford storage prices are relatively cheap on the national scale as well. When compared with national cities they rank in the 29th percentile. 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 Medford.
Are there a large number of storage facilties in Medford, OR? Should I have an easy time finding the unit I need?
Finding the unit you need at the price you want has everything to do with what's available in your area, with more facilities offering more options. So how many storage facilities are there in Medford?
According to our numbers, there are 27 total storage facilities in Medford, OR. If we compare this to other cities in Oregon, which average 10 facilities per city, Medford offers 17 more--quite the substantial number. In fact, Medford's 27 facilities give it the 3rd-highest count in the state out of all 35 cities. It's home to a surprising 7.7% of all facilities in Oregon. Does Medford perform as well against other cities outside of its state? In fact it does, as its 27 facilities put it 18 above the national average of 9 per city.
If we're making comparisons between cities, however, we're missing out on some important insights if we don't factor population in, even if we're simply comparing Medford to the rest of Oregon. The population of Medford, OR is 73,485. With 27 self-storage facilities, does Medford offer relatively good or bad storage coverage? Other cities in the 50,000 to 100,000 population bracket have an average 11 storage facilities listed on our network, 16 fewer than Medford. By that number, we can confidently say that Medford, OR has plenty of extra storage space. Per capita measures seem to have corroborated our conclusion that Medford is in possession of a healthy number of storage businesses for its size. Per capita, Medford ranks in the 68th percentile for storage facilities compared to cities across the country. That means there's a reasonably-high amount of storage space in Medford compared to other cities. But does Medford have a large number of storage facilities per person for a city in Oregon? Indeed, it does, ranking at the 70th percentile.
Another thing about Medford we feel we should mention is that while it has grown in the past decade, it hasn't done so by as much as the rest of Oregon has. Medford saw a small 10.8% jump between the 2000 and 2010 census, 1.2% less than the 12% the state of Oregon experienced as a whole. Combine the fact that fewer people are moving to Medford relative to the rest of its state with the high number of storage facilities per capita and you get the recipe for a high supply, low demand storage market, making it a great place to search for and find a storage unit.
About how much does a Medford, OR storage unit cost?
It's hard to tell a good price on storage from a great one when you're unaware of how much self storage in Medford should cost in the first place. Comparing facilities you booked storage at in other cities will do you little good, as the average price for storage could be hundreds of dollars different. But don't worry: we've gone ahead and calculated everything you might need to know about the price of storage in Medford.
Expect to pay an average of $55 a month for a storage unit in Medford. For those long-term storage seekers, that's about $660 per year. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. The price difference between the smallest units and the largest can be huge. In Medford you'll have the option of booking six standard storage unit sizes, such as 5x10, 10x10, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Medford, OR|
Do prices on Medford, OR self storage change depending on the time of year? Should I wait until a more ideal month to book a unit?
If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. 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. College students looking for a place to keep their things during the summer holiday can also have an effect on high season prices, pushing up prices on smaller units in particular, which is something to keep in mind if you live in a college town.
Prices on self storage in Medford do not vary as widely between high and low seasons as they do on average in other cities, so seasonality should be less of an issue for potential renters here. Despite the fact that seasonal price changes are less of a risk in Medford, they're not impossible, so a good idea might be to play it safe and lock in your rate for the entirety of your stay, if possible. Those looking for self storage in Medford will find the lowest prices in December, with its average price of $51.5. March, however, is the most expensive month, averaging $90.5.
Where can I reserve the cheapest rental rates on self storage in Medford, Oregon?
As they are closely linked to real estate prices, self storage unit prices can be very different in one part of Medford to another. Those trying to find the cheapest storage in Medford would do well by looking at facilities in the 97501 ZIP code, where storage units go for an average of $87.45 a month, the cheapest in all of Medford. The most pricey part of town to rent storage in is the 2155 ZIP code, where rates average $213.08 per month.
THE BOTTOM LINE ON MEDFORD SELF STORAGE:
Are you looking for an uncommonly inexpensive self storage unit in Medford, OR? December is the best time to search for storage, and the least expensive units are located in the 97501 ZIP code. The worst time to search for storage is during March, and be conscious of the fact that the 2155 area is pricier than other areas.