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. So does Fort Smith offer plenty of options when it comes to different storage facilities?
SelfStorage.com has 18 storage facilities in Fort Smith, AR listed on its network. Other cities in Arkansas are home to an average 12 facilities, 6 less than Fort Smith, meaning Fort Smith's storage coverage is slightly-higher than average. Fort Smith also boasts the 4th highest count of storage facilities out of all 11 cities in Arkansas, making up 13.24% of the state's facility count. When compared against the national average of 9 storage facilities in each city, Fort Smith still offers a full 9 more than the average.
But of course, comparing Fort Smith to other cities in Arkansas or across the nation regardless of population tells us very little. Are the 18 storage facilities providing the 85,547 people living in Fort Smith with enough storage space? The average number of facilities listed on our storage network in cities with populations of 50,000 to 100,000 is 11. As Fort Smith's facility count beats that by 7, we can establish that Fort Smith has a bit more storage space than average for a city its size. We've further strenthened Fort Smith's relative surplus of storage space by examining its per capita count of facilities. Among cities nationwide, Fort Smith ranks in the 51st percentile for the number of storage units per capita, offering its 85,547 residents a moderately-high amount of storage space. Fort Smith may have a large number of facilities per capita nationally, but compared with other cities in Arkansas the same isn't true. In fact, Fort Smith only ranks in the 40th percentile among cities in Arkansas, meaning that there's not as much storage space for each of Fort Smith's residents as there are in other cities for their residents.
It also bears mentioning that Fort Smith saw some population growth in the past decade, growing by 6% from 2000 to 2010. Though that's not an insignificant number, it is in fact 3.1% less growth than the 9.1% the state of Arkansas experienced over the same period. Concluding that demand for storage in Fort Smith would be lower than in other cities in Arkansas due to its relatively-low growth rate would, however, be ignoring the fact that Fort Smith has fewer facilities for its population than many of these cities, and that a shorter supply would have the same effects on price as high demand.
It's not uncommon for another community a few miles down the road to offer substanial savings on storage compared to the rates in your community. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. Sure, it might be more of a pain to drive to the facility, but hundreds of dollars in potential savings might alleviate that. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Fort Smith, then you'll definitely want to expand your search. So is it?
Fort Smith's average price of $54 a month for a unit ranks it as the 3rd most expensive city for self-storage in Arkansas, which itself ranks as the 42nd most expensive state for storage. In general, storage units in Fort Smith go for $2.96 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. That's why we've developed a 'relative price' scale that takes state median income into account. A storage unit in Fort Smith will on average cost 1.6% of a median earner's monthly income, given that the yearly median income in Arkansas is $40,553.00. This is an extremely high percentage of income compared to other cities in Arkansas, ranking in at the 80th percentile statewide. In other words, storage in Fort Smith is nowhere near dirt cheap.
In terms of our national network, however, storage in Fort Smith is actually on the opposite side of the spectrum, ranking in at the 49th percentile nationwide, making it relatively cheap. To put that in more concrete terms, storage in Fort Smith should cost an average of $18.15 less than the national average price of 72.15.
Storage rental rates are highly seasonal, with prices often fluctuating widely throughout the year. Storage seasonality is in synch with the moving seasons, which are at their highest in the late spring and summer, as a huge amount of storage demand is generated by people moving into new homes. The day after Memorial Day (which those in the moving and storage industries often refer to as 'Crazy Tuesday') is typically seen as the start of the high season and is frequently the most expensive day to rent storage during that season. If you're looking for a storage unit in a location with a large student population, be aware that your high season might see an even greater lift in prices than elsewhere, as students often book a large number of units during the summer.
Fort Smith, according to our data, is virtually unaffected by seasonality relative to other cities, with lower highs and higher lows relative to what other cities experience. Still, hunting for storage during the cheapest month of the year is always a great way to find a good deal. Shop for self storage in Fort Smith during April to get the best price, when units go for an average of $44. Prices reach their highest in July, which at an average price of $80 a month you might want to avoid.
Just as home prices will differ from neighborhood to neighborhood in Fort Smith, so will self-storage rates. Focus your storage search on the 72904 ZIP code of Fort Smith, where units rent for an average $65.04 a month, the lowest in the entire city. On the other hand, the 72908 ZIP code is the most expensive area of Fort Smith to rent a storage unit, with rental rates averaging $68.10 a month.
Before you start your storage search in Fort Smith, it's important that you know how much a unit in Fort Smith typically costs. Even though you may have booked storage units in other cities in the past, prices could be quite different in your current location, which makes it difficult to know what the standard price is. That's why our analysts have crunched the numbers so that you will be able to know what to expect before you begin your storage search.
Storage units in Fort Smith rent at an average monthly rate of $54. If your're in need of storage for a longer term, remember that at that rate a unit will cost you approximately $648 a year. Now, that number doesn't discriminate by unit size, instead averaging all together, so it shouldn't be taken as an incredibly accurate figure. The price gap between the smallest unit sizes and the largest can be very significant. In Fort Smith you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20 and 10x30. Here are the average monthly rates for each standard unit size in Fort Smith:
|Storage Unit Size||Average Price in Fort Smith, AR|
Are you trying to reserve the best possible rate on a self storage unit in Fort Smith, AR? April is your best bet for renting cheap storage, while the cheapest neighborhood for storage is the 72904 ZIP code. Do your best to avoid searching in July, when prices are at their acme, and be cognizant of the fact that the 72908 area is the most expensive in town.
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, Fort Smith had an average home value of $125,000 which in the past year is up 0.030%.