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 expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. 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. If self-storage (often known as public self storage and mini storage) in Thousand Oaks is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
Thousand Oaks's average price of $88.08 a month for a unit ranks it as the 94th most expensive city for self-storage in California, which itself ranks as the 9th most expensive state for storage. In general, storage units in Thousand Oaks go for $3.28 less than the state average of $91.36.
These average prices don't necessarily tell you how affordable storage in one city is compared to another, as the cost of living changes from place to place. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. In California, the median income is $54,681.00 a year, which would make the average $88.08 unit in Thousand Oaks cost 1.93% of a median earner's monthly income. Compared to other cities in California, this is a fairly-high percentage of income to spend on storage, ranking Thousand Oaks in the 63rd percentile statewide. This leads us to label the city as a somewhat expensive place to rent self-storage.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Thousand Oaks are still somewhat expensive, ranking at the 65th percentile in terms of relative expense. Expect to pay $15.93 more than the national average of $72.15 when searching for self storage in Thousand Oaks.
The demand for storage being as highly seasonal as it is, moving between highs and lows throughout the year, the season you decide to book a unit during can have as much affect on the price you pay as any other factor. This seasonality, which is primarily generated by national moving patterns, hits its zenith in the late spring and early summer, and its nadir in the fall and winter. Sometimes called 'National Moving Day' or 'Crazy Tuesday', the day following Memorial Day is typically the busiest for storage businesses and the highest point of the high season. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Seasonal price effects are somewhat more noticeable in Thousand Oaks than in other cities, so expect a decent amount of change between high and low seasons. This makes it particularly important to find a unit at a good, low price, then to lock in that price for the duration of your stay. With its average price of $55, May is the cheapest month to book storage in Thousand Oaks. With an average price of $181.56, August is the most expensive month to rent storage in Thousand Oaks.
It can be difficult to figure out if a certain storage facility's offered price is any good if you don't know how much a unit in Thousand Oaks ought to cost in the first place. Comparing rates at facilities you booked storage at in other cities can give the wrong expectations, as the average price for storage could be hundreds of dollars different in that location. In order to help you go into your storage search with the right knowledge, the analysts here at SelfStorage.com have crunched the numbers and processed the data so that you can know what kind of rental rates to expect.
Storage businesses in Thousand Oaks rent out their units at an average price of $88.08 a month. For you long-term storage seekers out there, that's about $1056.96 per year. Nut before you take that figure as a definitive starting point, note that it is the average for all sizes taken together, and so shouldn't be used as the basis for your search. Prices for the various unit sizes are, of course, very different from each other. The standard sizes of storage units available in Thousand Oaks include 5x5, 5x10, 10x10, 10x15, and 10x20. Below you'll find the average monthly price per size:
|Storage Unit Size||Average Price in Thousand Oaks, CA|
Finding the unit you need at the price you want has everything to do with what's available in your area, with more facilities offering more options. When it comes to the number of facilities operating in Thousand Oaks, how many options are available?
In total, 13 Thousand Oaks storage businesses have listed themselves on our self-storage facility network. Across California, approximately 9 facilities are located in each city on average, 4 less than the 13 available in Thousand Oaks, meaning Thousand Oaks is home to a few more facilities than the average city. Thousand Oaks also boasts the 44th highest count of storage facilities out of all 253 cities in California, making up 0.6% of the state's facility count. How does Thousand Oaks fare against cities outside of California? On a national scale, it still has more facilities than the average city, 4 more than the average 9, to be more precise.
Since, however, there are huge disparities in population between Thousand Oaks and other cities in California, comparing the number of storage businesses in each tells us very little. So how does Thousand Oaks, with its population of 123,520, compare to cities with similar populations? Thousand Oaks, as it turns out, has fewer storage facilities than is typical of a city its size. Cities with a population of 100,000 to 250,000 have an average 18 facilities, 5 more than Thousand Oaks's 13. Per capita measures seem to have verified our conclusion that Thousand Oaks is in possession of few storage businesses for its size. Per capita, Thousand Oaks places in the 27th percentile for storage facilities among cities across the United States. In other words, there are relatively few storage businesses serving the local Thousand Oaks market for its size, so extra storage space might be harder to find here. Even when we only compare Thousand Oaks to other cities in its state, it still appears to have relatively little self-storage space for the size of its population, coming in at the 49th percentile for facilities per capita among cities in California.
In discussing facilities per capita, we also feel that we should mention the fact that though Thousand Oaks's population is growing, the rest of California is growing more. Thousand Oaks's population saw a 5.1% increase in the first decade of this century, 4.9% less than the 10% increase the whole state of California experienced. Concluding that demand for storage in Thousand Oaks would be lower than in other cities in California due to its relatively-low growth rate would, however, be ignoring the fact that Thousand Oaks 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.
Thousand Oaks, CA self storage typically costs between $39 and $345 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, Thousand Oaks had an average home value of $657,000 which in the past year is up 0.162%.