You'll have a hard time telling a good price on storage from a great price when you're unfamiliar with how much self storage in Greenville typically costs to begin with. Any past experiences you might have booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be hundreds of dollars higher than the next. To prevent you from going into your storage search in the dark, the analysts at SelfStorage.com have prepared the numbers you need to know.
self storage renters in Greenville pay an average montly rate of $47.79. For you long-term storage seekers out there, that's about $573.48 per year. Keep in mind that that average rate does not differentiate between the different unit sizes, and so should be taken with a sizeable grain of salt. The prices you'll actually see on units will largely depend upon their size. The standard sizes of storage units available in Greenville include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard storage unit size, here's how much you should expect to pay per month in Greenville:
|Storage Unit Size||Average Price in Greenville, SC|
The more facilities there are in the area you're searching, the more options you'll have. So how many self-storage businesses are operating in Greenville?
Analysts at SelfStorage.com report that there are an estimated 31 storage facilities located in the Greenville area. When compared to other cities in South Carolina, there are a very large number of facilities operating in Greenville. The average South Carolina city is home to only 9 facilities, 22 less than in Greenville. If we were to rank Greenville among the other 40 cities in South Carolina, it would come out as the 2nd largest market for self storage, accounting for a surprising 8.29% of all facilities in the state. When compared against the national average of 9 storage facilities in each city, Greenville still offers a full 22 more than the average.
But of course, comparing Greenville to other cities in South Carolina or across the nation regardless of population tells us very little. Greenville, SC has approximately 61,782 inhabitants. Do the 31 storage businesses there offer the community enough storage space? As it turns out, Greenville actually does have a large amount of storage space for its size. Nationwide, cities with populations of 50,000 to 100,000 have an average 11 storage facilities, which is of course 20 less than the 31 found in Greenville. One might point out that comparing Greenville to cities of a similar size doesn't prove its healthy supply of storage space for the size of the population, and that a better measure would be actually looking at its facilities per capita. Well, we have, and it has firmly demonstrated our former results. On a per capita basis, Greenville ranks in the 76th percentile for storage facilities compared with other cities nationwide, meaning there is a very high amount of storage space per person. But if Greenville appeared to have a large amount of storage space for a city on the national scale, it doesn't in South Carolina, where it only ranks in the 48th percentile.
Lastly, census data shows that Greenville is growing in population, though not as fast as the rest of its state. It saw a 8.9% increase from 2000 to 2010, a 6.4% less than the 15.3% growth that South Carolina saw as a whole. Recall, however, that Greenville also had a low number of storage facilities per person for its state, so while there might not be as much demand generated by inbound migration, demand may already be high due to its short supply.
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 lasts from late spring to late summer, the most popular period for those moving into a new home. 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. 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.
Self storage prices in Greenville 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. 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. You're most likely to get a good deal on a storage unit in Greenville during the month of January, when the average price is at its lowest, $47.79 a month. You're least likely to get a good deal in June, when the average price is a high $72.39.
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. One of the best pieces of advice we can give customers looking for the cheapest storage in their area is to expand the breadth of their search. The extra drive to the facility could very well be worth the monthly savings. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Greenville, then you'll definitely want to expand your search. So is it?
An average price of $47.79 a month for a storage unit makes Greenville the 34th most expensive city in South Carolina for self-storage, while South Carolina itself is the 16th most expensive state. In general, storage units in Greenville go for $30.74 less than the state average of $78.53.
These average prices don't necessarily tell you how affordable storage in one city is compared to another, as the cost of living changes from place to place. That's why we've developed a 'relative price' scale that takes state median income into account. A storage unit in Greenville will on average cost 1.38% of a median earner's monthly income, given that the yearly median income in South Carolina is $41,549.00. As a percentage of the local median income this is very cheap compared to other cities in South Carolina, ranking Greenville at the 15th percentile statewide. We feel comfortable then saying that self-storage in Greenville is extremely affordable.
In addition to being relatively cheap at the state level, storage in Greenville is also relatively cheap on the national scale, ranking at the 36th percentile when compared to other cities nationwide. Nationwide, storage costs an average $72.15 a month. Expect to pay about $24.36 less than that for self storage in Greenville.
Much like real estate, self-storage prices can change drastically within the space of a few miles in Greenville. Focus your storage search on the 29611 ZIP code of Greenville, where units rent for an average $55.76 a month, the lowest in the entire city. Rental rates are costliest in the 12083 ZIP code, where they go for an average $118.00 per month.
Do you want to book a strikingly affordable self storage unit in Greenville, SC? January is your best bet at finding inexpensive storage, while units are cheapest in the 29611 ZIP code. The absolute worst time to look for storage is June, when unit prices reach their apex, and be alert to the fact that the 12083 area is the most expensive part of town for storage.
Greenville self storage typically costs between $19 and $114 a month. Storage is currently in stock.
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, Greenville had an average home value of $157,000 which in the past year is up 0.016%.