Relative Price in 80216
With a median income of $28,058 and an average price of $159.75 per month for a storage unit, renting storage for a year in 80216 Denver would require 6.8% of a median earner's annual income. This ratio of storage price to median income is very high compared to other ZIP codes nationally, ranking in at the 98th percentile, which can allow us to conclude that storage in the 80216 is relatively expensive for most of its residents. When it comes to other ZIP codes in Colorado, storage as a percent of median income is very expensive in comparison, ranking in at the 100th percentile.
Storage Coverage In 80216
There are 3,100 households in 80216 Denver and approximately 12 storage units, meaning there are 0.00387 units per household. When compared to the ratio of units-to-households in other ZIP codes nationwide, 80216 has moderately low coverage, ranking in at the 34th percentile, which could make it less easy to find a unit here than elsewhere. 80216 has a somewhat-low number of units per household when compared to other ZIPs in Colorado, ranking at the 40th percentile. If you're searching for storage here, you may want to expand your search.
In terms of the number of people living in 80216, the ZIP code has a population of 10,924. With a total of 1,855 square feet of storage space in the ZIP, there are 0.17sqft of storage per person. This is a moderately-low number of square feet per person compared to other ZIP codes nationwide, placing in the 29th percentile. In terms of other ZIP codes in Colorado, 80216 ranks at the 37th percentile, meaning it has somewhat-low coverage compared to other ZIP codes in the state.