CubeSmart buying 36 Private Mini Storage facilities for $326.2 million - In the biggest self-storage deal so far this year, CubeSmart LP is buying three dozen facilities for $326.2 million from Private Mini Storage Inc. The CubeSmart deal caps off a particularly active... Read more.
Want Retailers as Facility Customers? Become a Master at Networking - Gaining retailers as customers for your self-storage facility depends a lot on your networking abilities. National retail chains typically see a crush of customer traffic around the holidays and may... Read more.
Markets With Density and Job Growth Draw Investors in Self-Storage - This is the final article in a three-part series about the state of the self-storage industry. Buyers seeking to identify top markets for self-storage investments are finding a long list of options... Read more.
Investment Gold Rush: Demand for Self-Storage Properties Heats Up - This is the second article in a three-part series about the state of the self-storage industry. Investors are scrambling to buy self-storage facilities in a market where the demand remains far greater... Read more.
In the Spotlight: Self-Storage Shines With Stellar Yields - This is the first article in a three-part series about the state of the self-storage industry. In an environment where investors are clamoring for yield, it’s no surprise that the self-storage... Read more.
In recent years, numerous publications have lauded underrated Houston, naming it America's Boomtown, the next cultural hotspot, and a model for other big cities seeking to balance growth, diversity, livability, and economic strength. Somehow, Houston has been able to grow at an explosive rate and up its cultural game, all while keeping the cost of living below average. Energy, technology, and the Port of Houston keep the economy thriving. Cultural features include the Menil Collection and Free Press Summer Fest, along with an innovative, rising dining scene. Houston is also extremely racially diverse, offering hungry Houstonians an inexhaustible number of ethnic eateries. That's no news to Houstonians or those who are soon to be, but do you know how many storage facilities there are in Houston?
Prices on self storage in Houston can change substantially with a few minutes drive in any direction. Look for a cheap unit in the 77076 ZIP code, where the average price of $62.83 is the lowest in Houston. You probably won't be finding the best deal on storage in the 77018 ZIP code in Houston, which with an average price of $553.38 a unit is the priciest place in town.
Prices on self storage units can change dramatically from month to month over the course of the year, spiking higher or dipping lower depending on the season. Storage prices generally reach their peak during the period from May to September, coinciding with moving season. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. Smaller unit sizes are often more strongly affected by seasonality, as college students make up a decent portion of those moving in the summer and tend to book 5x5 and 5x10 units.
Those looking for storage in Houston shouldn't have to worry as much about seasonal prices swings, as according to our data these swings are much less extreme here than elsewhere. If you'd still like to play it safe, which of course is always a good idea, one way to guard against seasonal price changes is by setting up an agreement with the facility to pay a single rate for your entire rental period. The best month to go searching for storage in Houston is September, when the average unit goes for a low $55.66 a month. The worst month, on the other hand, is April, when units hit a high of $72.67.
Scoring a great deal on a storage unit in Houston has everything to do with knowing what kind of price range 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. In order to make sure you don't go into your storage search unprepared, we've had our analysts comb through all the data on Houston storage you might need.
Storage rentals in Houston have an average montly rate of $68.36. If you have long term storage needs, keep in mind that that's an average price of $820.32 a year. However, it's important to note that this is the average for all storage unit sizes. As you might expect, monthly rates will change depending on the size of the unit you choose. The standard sizes of storage available in Houston include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. By size, the average prices in Houston are:
|Storage Unit Size||Average Price in Houston, TX|
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. However, if self-storage (often called mini storage or public self storage) in Houston is relatively cheap for the area then searching farther afield might do little good. So how do prices in Houston stack up to the rest of the state?
An average price of $68.36 a month for a storage unit makes Houston the 81st most expensive city in Texas for self-storage, while Texas itself is the 22nd most expensive state. In more exact terms, storage in Houston costs an average of $4.67 less than the average storage unit in Texas, which goes for 73.03.
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 Texas, the median income is $48,902.00 a year, which would make the average $68.36 unit in Houston cost 1.68% of a median earner's monthly income. Compared to other cities in Texas, this is a fairly-high percentage of income, ranking in the 54th percentile statewide, leading us to label Houston as a relatively expensive place to rent storage.
When placed on a national scale and compared to cities across the country, storage prices in Houston are still somewhat expensive, ranking at the 53rd percentile in terms of relative expense. Nationwide, storage costs an average $72.15 a month. Expect to pay about $3.79 less than that for self storage in Houston.
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. How many facilties are operating in Houston?
345 storage facilities in Houston, TX are listed on SelfStorage.com's facility network. Other cities in Texas average only 16 storage facilities, 329 less than what's available in Houston, which means Houston is home to a large number of storage businesses. If we were to rank Houston among the other 179 cities in Texas, it would come out as the 1st largest market for self storage, accounting for a surprising 12% of all facilities in the state. Outside of Texas, Houston still has a sizeable supply of storage facilities, 336 more than the 9 that other cities across the nation average.
But how does Houston compare to the rest of Texas and the nation on a per capita basis? After all, not controlling for population makes most city comparisons obsolete. We ought to be comparing Houston, with its population of 2,257,926, to cities of similar size. As it turns out, Houston actually does have a large amount of storage space for its size. Nationwide, cities with populations of 1,000,000 and above have an average 50 storage facilities, which is of course 295 less than the 345 found in Houston. It is important to note that comparing cities of like size might not be the best measure, and that a more accurate conclusion might be had by looking at how many facilities there are for Houston's 2,257,926 people--a figure which seems to have undercut our finding that there's plenty of storage to be had there. Per person, Houston ranks in the 40th percentile for self-storage facilities among cities across the nation. That means that 345 storage businesses serving a city of 2,257,926 people isn't a very high number, and indicates that finding the necessary storage space in Houston could be more difficult than in other cities. Among cities in Texas, Houston ranks in the 31st percentile for storage facilities per capita, meaning that even compared to its neighbors in Texas, Houston offers its population a relatively low amount of self-storage space.
Lastly, census data shows that Houston is growing in population, though not as fast as the rest of its state. It saw a 14.1% increase from 2000 to 2010, a 6.5% less than the 20.6% growth that Texas saw as a whole. There might then indeed be less demand for storage in Houston created by people moving into town, but at the same time there's already less storage per person than in other cities in Texas, so the curent population faces an already-low supply.
Searching for a cheap self storage unit in Houston, TX? September is the best month to find inexpensive storage, and the cheapest units are located in the 77076 ZIP code. Try not to start your search in April, when units are at their highest average price, and beware that the 77018 area is more expensive than other areas.
Houston, TX self storage typically costs between $20 and $374 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, the average price of a home in Houston is $215,000.