Just as home prices will differ from neighborhood to neighborhood in Reading, so will self-storage rates. The best prices on storage in Reading can be found in the 19604 ZIP code. Units there average $85.09 a month. Storage prices are highest within the 19608 ZIP code of Reading, where rentals average $109.53 a month.
Scoring an excellent price on a storage unit in Reading often comes down to knowing what kind of price range to expect. With the average rental rate varying widely from place to place, the only truly valuable comparison you can make is with other storage facilities in the area. Which is why, in order to ensure that you go into your storage search as well informed as possible, we've gone ahead and processed the data for you.
In Reading, self storages rents at an average rate of $60.6 a month. Over the the length of a year, that would cost you about $727.2, in case you were considering renting for a longer period of time. This average does include all storage unit sizes, which means that it should be taken with a grain of salt. The amount you'll actually end up paying will depend on the size of the unit you decide to rent. The standard sizes of storage units available in Reading include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. In Reading, the average monthly rental rate for each standard size is:
|Storage Unit Size||Average Price in Reading, PA|
Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of the year. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that day. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Self storage prices in Reading are not nearly as affected by seasonal changes as other cities are, meaning there's a greater likelihood you'll find stable year-round prices. However, even though prices are less likely to change dramatically in Reading, locking in a rate for your entire stay often allows you to bargain the total price down. May is the least expensive month for storage in Reading, with an average price of $59.19 for a storage unit. July is the most expensive month, when storage goes for an average rate of $85.5.
Self storage rates being as highly-dependent on the real estate market as they are, it should come as no surprise that prices can change dramatically within the space of a few miles. It could indeed be that a facility just a mile or two outside of town offers a much lower rate, but you won't find that facility unless you include a wider area in your search. To some, the greater distance to the facility is worth the greater savings. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Reading to see how it compares with other cities in its state.
Reading's average price of $60.6 a month for a unit ranks it as the 68th most expensive city for self-storage in Pennsylvania, which itself ranks as the 14th most expensive state for storage. In more exact terms, storage in Reading costs an average of $20.35 less than the average storage unit in Pennsylvania, which goes for 80.95.
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. 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. In Pennsylvania, the median income is $49,874.00 a year, which would make the average $60.6 unit in Reading cost 1.46% of a median earner's monthly income. This is a moderately small percentage of income to spend on a self-storage unit compared to rates in other cities, ranking at the 34th percentile among other cities in Pennsylvania, meaning self-storage here is relatively cheap.
The same holds true on a national scale, where self-storage rates in Reading are comparatively relatively cheap, ranking in at the 41st percentile among cities on our nationwide network. 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 $11.55 less than that for self storage in Reading.
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? When it comes to the number of facilities operating in Reading, how many options are available?
According to the data on our facility network, there are 17 storage businesses operating in Reading, PA. On average, cities in Pennsylvania are home to only about 5 storage facilities, a full 12 less than Reading's 17, meaning coverage in Reading is reasonably high. If we were to rank Reading among the other 105 cities in Pennsylvania, it would come out as the 5th largest market for self storage, accounting for a surprising 3.47% of all facilities in the state. Does Reading perform as well against other cities outside of its state? In fact it does, as its 17 facilities put it 8 above the national average of 9 per city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Reading to other cities in Pennsylvania irrespective of population does, indeed, make little sense. So how does Reading, with its population of 81,000, compare to cities with similar populations? Reading offers a slightly higher than average amount of storage space for its size: cities in the 50,000 to 100,000 population bracket have an average 11 storage facilities, 6 fewer than what can be found in Reading. One may of course argue that measuring Reading against cities of a like size isn't the best yardstick and does not prove that there are plenty of storage facilities for the number of people who live there. In order to address these concerns we've looked at Reading's facilities per person, which seems to have corroborated our former conclusions. With 17 facilities for its 81,000 residents, Reading ranks in the 51st percentile for self-storage facilities per person in cities nationwide. In other words, there's a pretty good amount of storage for each person in Reading. But having a larger amount of storage space per capita on the national scale is not the same on the state level, and in Pennsylvania Reading does not get as stellar results, ranking in only at the 25th percentile for self-storage businesses per capita.
We feel it worth mentioning that Reading saw a net loss in population from the 2000 census to the 2010 census, where its number of inhabitants fell by 0.3%. Over that same period, however, Pennsylvania took on 3.4% more people. But remember that, despite the fact that population growth probably isn't generating a great amount of demand for storage in Reading, the city already has relatively few facilities for the size of its current population.
Are you looking for a strikingly affordable self storage unit in Reading, PA? May is the best month to find cheap storage, and the most inexpensive units are located in the 19604 ZIP code. Try not to start your search in July, when storage prices climb the highest, and be cognizant of the fact that the 19608 area is the most expensive in town.
If you’re considering buying/selling a home instead of renting, it’s crucial to find a storage unit that will last you through the purchase or sale process. Especially when, according to Zillow, Reading had an average home value of $48,000 which in the past year is up 0.015%.