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. About how many storage facilties are serving the Fayetteville area?
14 storage facilities in Fayetteville, AR are listed on SelfStorage.com's facility network. Fayetteville's 14 facilities make it one of the larger cities for storage in Arkansas: the state average is 12 facilities per city, 2 less than what's available in Fayetteville. Fayetteville accounts for a surprising 10.3% of all facilities listed in Arkansas, coming in at 6th out of 11 cities in terms of facility count. And Fayetteville 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 what about self storage facilities per capita?', you might be thinking. Comparing Fayetteville to other cities in Arkansas irrespective of population does, indeed, make little sense. Fayetteville, AR has approximately 77,143 inhabitants. Do the 14 storage businesses there offer the community enough storage space? Cities with populations of 50,000 to 100,000 average 11 storage facilities, 3 fewer than Fayetteville's 14, which leads us to conclude that Fayetteville has a decent amount of storage space for a city its size. Per capita data, on the other hand, seems to have invalidated this notion that Fayetteville provides an immense amount of extra storage space for its community. The 77,143 people living in Fayetteville have access to 14 self-storage facilities, which puts them in the 46th percentile for facilities per capita nationwide. That's not a very high rank, meaning that Fayetteville doesn't offer a ton of storage businesses for its 77,143 residents to choose from. Perhaps if we only compare Fayetteville to other cities in Arkansas it might appear to have more storage space? Unfortunately, even by that measure it does seem as if Fayetteville offers relatively little space, as it places in the 20th percentile for per capita storage facilities in Arkansas.
The fact that Fayetteville is growing, and doing so at a rapid rate, also bears mentioning in our discussion of storage facilities per person. The US Census reports that Fayetteville saw 29.9% more people move there in the first decade of this century, 20.8% more than the 9.1% population that Arkansas saw altogether. This growth in inhabitants may be making any issues created by Fayetteville's low level of facilities per capita even more salient.
You'll won't have the easiest of times telling a good deal on storage in Fayetteville from a great one if you don't know what storage in Fayetteville usually rents for. Past experience booking storage in other cities can be misleading, as average prices will be totally different in other cities--even other cities in AR. Which is precisely the reason we've had the SelfStorage.com analysts dig through all the data in order to bring back the crucial information you need to book a unit in Fayetteville.
Storage units in Fayetteville rent at an average monthly rate of $47.17. For you long-term storage seekers out there, that's about $566.04 per year. This average does include all storage unit sizes, which means that it should be taken with a grain of salt. The prices you'll actually see on units will largely depend upon their size. In Fayetteville you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. The average monthly rental rates for each are:
|Storage Unit Size||Average Price in Fayetteville, AR|
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. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. In order to help you know whether or not to expand your search, the analysts at SelfStorage.com have done the math to figure out whether self-storage (also called mini storage or public self storage) in Fayetteville is relatively more or less expensive than other cities.
Fayetteville's average price of $47.17 a month for a unit ranks it as the 5th most expensive city for self-storage in Arkansas, which itself ranks as the 42nd most expensive state for storage. To give you a better idea of what this means, Fayetteville's average price is $9.79 less than the state average of $56.96.
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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. The median income in Arkansas is $40,553.00, which means the average storage unit in Fayetteville would require 1.4% of a median earner's monthly income. As a percentage of the local median income, storage costs rank at the 60th percentile among cities in Arkansas, making Fayetteville more expensive than most cities.
But when you compare the price of self storage as a percent of income in Fayetteville with cities nationwide you get a very different result: it ranks at the 37th percentile, making it relatively cheap to rent storage here. To put that in more concrete terms, storage in Fayetteville should cost an average of $24.98 less than the national average price of 72.15.
Certain areas of Fayetteville can be significantly cheaper or more expensive for storage than others. Look for a cheap unit in the 72704 ZIP code, where the average price of $74.04 is the lowest in Fayetteville. You probably won't be finding the best deal on storage in the 30214 ZIP code in Fayetteville, which with an average price of $156.77 a unit is the most pricey place in town.
The self storage market being of a seasonal nature, the prices on offer at the moment could be substantially different from those you'll see two months from now. The period between April and September is typically considered the high season for storage, while prices are lower the rest of the year, notably through October and March. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. College students looking for a place to keep their things during the summer holiday can also have an effect on high season prices, pushing up prices on smaller units in particular, which is something to keep in mind if you live in a college town.
Expect the price of a storage unit to remain relatively stable throughout the year in Fayetteville. According to our numbers, seasonal demand is not as extreme here as in other cities on our network. Still, hunting for storage during the cheapest month of the year is always a great way to find a good deal. Storage prices are at their highest in Fayetteville during the month of December, where they hit an average price of $60, while prices are at their lowest in November, where they go for a low $34.67 a month.
Keeping an eye out for the cheapest rate ever on a self storage unit in Fayetteville, AR? November is the best time to begin your search for storage, and the most inexpensive units are located in the 72704 ZIP code. The worst time of the year to look for storage is December, when prices are at their highest, and be attentive to the fact that the 30214 area is the most expensive part of town for storage.
Fayetteville self storage typically costs between $70 and $117 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, Fayetteville had an average home value of $195,000 which in the past year is up 0.023%.