Some communities are home to plenty of storage businesses, offering those looking for storage a wide variety of choices, while other communities are less-well served and may need to expand their search into neighboring cities and suburbs. In terms of the number of storage businesses in Sumter, are there plenty of options available, or few?
In total, 14 Sumter storage businesses have listed themselves on our self-storage facility network. Other South Carolina cities have an average of 9 facilities on our network, 5 less than Sumter, which leads us to conclude that Sumter offers a moderately-high number of facilities. Furthermore, Sumter accounts for a full 3.75% of facilities in South Carolina and ranks as the 10th-largest storage market out of all 40 cities in South Carolina. And Sumter doesn't just have a lot of storage facilities for its state, either: it also surpasses the national average of 9 facilities per city by 5.
But of course, there are vast differences in population between Sumter and other cities in South Carolina, and even more so nationwide, so not controlling for population makes little sense. Are the 14 storage facilities providing the 38,412 people living in Sumter with enough storage space? Considering that the average city that falls in the 25,000 to 50,000 population bracket has 7 self storage facilities, we can conclude that Sumter, which boasts 7 more, has a fairly-high amount of storage space for its size. We've further confirmed Sumter's relative surplus of storage space by examining its per capita count of facilities. On a national scale, Sumter ranks moderately high for its self-storage facilities per capita, placing it in the 67th percentile. In other words, there should be plenty of extra storage space for the 38,412 people living there. While Sumter may have ranked well for storage facilities per capita versus other cities across the nation, it faces much more stiff competition back at home in South Carolina. On its home turf, Sumter only manages to make the 35th percentile for storage businesses per inhabitant.
Lastly, with regards to facilities per capita, we feel it worth mentioning that Sumter saw its total population fall by 5.4% over the first ten years of this century. The rest of South Carolina, however, did quite the opposite, taking on 15.3% more people in that same time period. Remember, though, that while relatively fewer people are moving into Sumter and generating additional demand for storage, there's already a shorter supply of that storage than in most other cities in South Carolina, as Sumter had a low level of facilities per capita for its state.
You'll won't have the easiest of times telling a good deal on storage in Sumter from a great one if you don't know what storage in Sumter usually rents for. Storage prices can shift dramatically from one city to another, so knowing the standard for a specific area can be difficult without prior experience booking storage there. 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.
Storage units in Sumter rent at an average monthly rate of $64.5. For you long-term storage seekers out there, that's about $774 per year. Nut before you take that figure as a definitive starting point, note that it is the average for all sizes taken together, and so shouldn't be used as the basis for your search. Units of different square footage can go for hundreds of dollars more or less than others, even in the same storage facility. The standard sizes of storage units in Sumter are: 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 Sumter:
|Storage Unit Size||Average Price in Sumter, SC|
Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of 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. The single busiest day for self-storage businesses is typically the notorious 'National Moving Day' (which facility operators have dubbed 'Crazy Tuesday' for the chaotic scene at many facilities) the day after Memorial Day. Those looking for storage in areas with a large population of college students might find that seasonality affects prices on smaller unit sizes in particular, as students book 5x5s and 5x10s to store their things while they go home for the summer.
Sumter, according to our data, is virtually unaffected by seasonality relative to other cities, with lower highs and higher lows relative to what other cities experience. Sudden seasonal price swings could of course still happen, and one of the best ways to prevent your rates from exploding is by locking them in for the entirety of your stay when you first sign the contract with the facility. Shop for self storage in Sumter during January to get the best price, when units go for an average of $64.5. Prices reach their highest in December, which at an average price of $110.7 a month you might want to avoid.
Sometimes storage prices in the next town or suburb over are significantly cheaper than those in your immediate area. 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. You might have to spend more on gas getting out to that unit, but the savings you'll be building up could totally compensate for that. But on the other hand, if we can show that self-storage (commonly known as mini storage or public self storage) is cheaper in Sumter than its surroundings, there's no reason to waste time looking elsewhere.
An average price of $64.5 a month for a storage unit makes Sumter the 21st most expensive city in South Carolina for self-storage, while South Carolina itself is the 16th most expensive state. When searching for storage in Sumter, expect to pay $14.03 less than South Carolina's average price 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. In order to establish some kind of index of affordability for Sumter storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. A storage unit in Sumter will on average cost 1.86% of a median earner's monthly income, given that the yearly median income in South Carolina is $41,549.00. Compared to the price-as-percent-of-income in other South Carolina locations, Sumter ranks at the 46th percentile, making self-storage here moderately affordable.
In terms of our national network, however, storage in Sumter is actually on the opposite side of the spectrum, ranking in at the 62nd percentile nationwide, making it somewhat expensive. Expect to pay $7.65 less than the national average of $72.15 when searching for self storage in Sumter.
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, Sumter had an average home value of $139,000 which in the past year is down 0.010%.