When it comes to finding self-storage, the more really is the merrier: more storage businesses in your area means more unit options available, and more options mean a greater chance you'll be able to choose a unit that satisfies your storage needs. So does Montgomery offer plenty of options when it comes to different storage facilities?
Industry experts at SelfStorage.com estimate that there are approximately 7 storage facilities servicing the Montgomery, TX community. To put that into a little more perspective, that's 9 less than the average number of facilities for a city in Texas, where cities possess an average 16 storage businesses each. To put it into more perspective, that's only 0.25% of the facilities in Texas listed on our storage network, which places Montgomery as only the 90th largest city in terms of storage business count out of all 179 cities in Texas. Just as Montgomery has a below-average number of storage facilities for a city in Texas, the same is true on a national scale, where the city has 2 fewer facilities than the 9 that can be found in the average US 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 Montgomery to the rest of Texas. 600 people make Montgomery their home. Is 7 a relatively high or low number of storage facilities for such a population? When we compared Montgomery to other cities with populations of 1,000 and under that we have listings for, we found that Montgomery had 4 more self-storage facilities listed than the average city from this bracket did. In other words, you can be sure that there's plenty of extra storage space available in Montgomery. Montgomery's above average number of facilities seems to be substantiated when we look at the actual per capita number of facilities. Montgomery places into the 99th percentile for storage facilities per person nationwide, meaning that the 600 people living there should have plenty of extra storage space. On a state level, Montgomery still has a good amount of storage space per person, ranking in at the 100th percentile for cities in Texas.
It also bears mentioning that Montgomery saw a large amount of population growth in the past decade, growing by 26.8% from 2000 to 2010, a good 6.2% more growth than the 20.6% the state of Texas experienced over the same period. But though the people moving into Montgomery may generate more demand for storage units, remember that the city does have a high number of storage businesses per capita, which should help balance that added demand out.
Certain areas of Montgomery can be significantly cheaper or more expensive for storage than others. The cheapest neighborhood for storage in Montgomery is within the 36111 ZIP code, where prices average $72.83 a month. Storage prices are highest within the 36106 ZIP code of Montgomery, where rentals average $132.04 a month.
Searching for a storage unit in Montgomery without knowing how much one should cost is no way to go about finding a good deal. Storage prices being as highly-dependent on location as they are, there's little use in comparing the facilities in Montgomery with those in other cities you might have rented a storage unit in in the past. That's why, in order to make sure you go into your storage search as well-informed as possible, we've gone ahead and gathered the data for you.
In Montgomery the average monthly rental rate for a storage unit is $92.33. To put that into perspective for those thinking of renting a unit for a year or more, that's about $1107.96 per year. That average doesn't discriminate by size, so it shouldn't be taken as an extremely accurate figure. The price you end up paying will depend on the size of the unit you decide to book. Storage units in Montgomery come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Montgomery, 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. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. Though you may have to travel farther to access your unit, the additional savings might just be worth it. That being said, if we can determine that self-storage (which also goes by mini storage and public storage) prices are lower in Montgomery than in other nearby cities, we can make it easier for you to decide whether or not to take the time on a wider search.
An average price of $92.33 a month for a storage unit makes Montgomery the 42nd most expensive city in Texas for self-storage, while Texas itself is the 22nd most expensive state. In more exact terms, storage in Montgomery costs an average of $19.30 more than the average storage unit in Texas, which goes for 73.03.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. In order to establish some kind of index of affordability for Montgomery 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 Montgomery will on average cost 2.27% of a median earner's monthly income, given that the yearly median income in Texas is $48,902.00. According to our calulations, this makes Montgomery quite the expensive place to rent a storage unit, its price as a percent of income coming in at the 76th percentile of all cities in Texas.
In addition, storage in Montgomery is also very expensive on the national scale, ranking at the 76th percentile compared to other cities across the nation. 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 $20.18 more than that for self storage in Montgomery.
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 high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
Seasonal price effects are somewhat more noticeable in Montgomery than in other cities, so expect a decent amount of change between high and low seasons. Those looking for storage here should try to hedge against these fluctuations by locking in their monthly rate. The lowest prices on self storage in Montgomery can be found during the month of August, with an average price of $38, while the most expensive month is July, with an average price of $149.
Are you trying to find the absolute best bargain on a self storage unit in Montgomery, TX? August is the best time to find inexpensive storage, while the best prices can be found in the 36111 ZIP code. The absolute worst time to look for storage is July, when unit prices are at their highest, and be attentive to the fact that the 36106 area is pricier than other areas.
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, Montgomery had an average home value of $299,000 which in the past year is up 0.055%.