Storage prices on one side of Leesburg can be totally different on the other side of the city. The cheapest area for storage space in Leesburg is within the 34748 ZIP code. The average unit there goes for $103.76 a month. Storage is priciest in the 20175 ZIP code, where you should expect to pay about $162.11 a month for a unit.
Before you start your storage search in Leesburg, it's important that you know how much a unit in Leesburg typically costs. Since storage prices can change dramatically from one town to the next, the only real comparison you can make is with other facilities in the immediate area. 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.
Rental rates on storage in Leesburg average $159.35 per month. If your're in need of storage for a longer term, remember that at that rate a unit will cost you approximately $1912.2 a year. Don't, however, put too much weight on that number, as it does not discriminate by unit size. Prices for the various unit sizes are, of course, very different from each other. The standard sizes of storage units in Leesburg are: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Below you'll find the average monthly price per size:
|Storage Unit Size||Average Price in Leesburg, VA|
More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. About how many storage facilties are serving the Leesburg area?
According to our estimates, there are approximately 3 storage businesses operating facilities in Leesburg. That's a significantly-smaller number of storage facilties than can be found in the average Virginia city--5 less than the state average of 8, to be exact. Compared to the rest of the cities in Virginia, Leesburg ranks quite low in terms of number of facilities (37th out of all 48 cities), with a meager 0.81% share of the total. Leesburg is below the national average as well, with 6 fewer storage facilities than the national average of 9 per 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 Leesburg to the rest of Virginia. 40,927 people make Leesburg their home. Is 3 a relatively high or low number of storage facilities for such a population? As it turns out, Leesburg offers a below-average amount of storage space for a city its size. It's only a bit below average--4 facilities, to be precise--but it does come in under the average 7 storage facilities that cities in the 25,000 to 50,000 population bracket have. But then again, such a population bracket covers a wide range of cities. A more accurate measure would be Leesburg's per capita facility count--a measure which has confirmed our former results, showing Leesburg to indeed have little storage for its size. With only 3 self storage businesses serving a community of roughly 40,927 people, Leesburg lands in the 17th percentile for storage facilities per capita nationwide. That obviously means there's not as much storage space for each resident as there is in other cities, which could clealy complicate your storage search. How does Leesburg compare to other cities in Virginia? Even when we restict the scope to other cities in its state, Leesburg still only ranks at the 10th percentile for per capita storage facilities.
Finally, it also seems that Leesburg is undergoing a high level of population growth. According to the US Census, Leesburg grew by 42.5% from 2000 to 2010, 29.5% more than the 13% growth Virginia saw. On top of the demand generated by an influx of new inhabitants, low levels of facilities per capita could drive demand for a storage unit in Leesburg even higher.
It's often true that certain areas in a city offer much lower storage rental rates than others. 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. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Leesburg to see how it compares with other cities in its state.
Leesburg's average price of $159.35 a month for a unit ranks it as the 2nd most expensive city for self-storage in Virginia, which itself ranks as the 13th most expensive state for storage. To give you a better idea of what this means, Leesburg's average price is $75.21 more than the state average of $84.14.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. 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. The median income in Virginia is $62,444.00, which means the average storage unit in Leesburg would require 3.06% of a median earner's monthly income. When compared to storage price as a percent of income in other cities in Virginia, Leesburg ranks in the 97th percentile, which means that self-storage here is quite expensive.
In addition to being very expensive at the state level, storage in Leesburg is also very expensive on the national scale, ranking at the 90th percentile when compared to other cities nationwide. To put that in more concrete terms, storage in Leesburg should cost an average of $87.20 more than the national average price of 72.15.
Storage rental rates are highly seasonal, with prices often fluctuating widely throughout 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. Known to some in the industry as 'Crazy Tuesday,' the day following Memorial Day is typically the busiest of the year for storage and brings the high season into full swing. 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.
Seasonality is highly pronounced in Leesburg, meaning that the prices you see now are likely to change by a greater degree than elsewhere. In cities such as Leesburg that have highly-seasonal prices, its often a good idea to agree on a length of stay and a single monthly rate with the facility, and to get that agreement down in writing. You're most likely to get a good deal on a storage unit in Leesburg during the month of September, when the average price is at its lowest, $62.9 a month. You're least likely to get a good deal in June, when the average price is a high $239.
Trying to find a very inexpensive self storage unit in Leesburg, VA? Then start your search during September within the 34748 ZIP code. The worst month to look for storage is June, when units are at their highest average price, and be warned that the 20175 area is the priciest.
Leesburg self storage typically costs between $69 and $250 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, Leesburg had an average home value of $570,000 which in the past year is up 0.060%.