Self Storage in West Palm Beach, FL: Frequently Asked Questions
How much do storage businesses in West Palm Beach charge per month for a storage unit?
How can you hunt for a cheap storage unit if you don't know how much one in West Palm Beach should cost? Since the average price of storage can be over $100 different between two cities in the same state, any past experiences booking storage elsewhere will be little help here. In order to make sure you don't go into your storage search unprepared, we've had our analysts comb through all the data on West Palm Beach storage you might need.
In West Palm Beach the average monthly rental rate for a storage unit is $111.41. At those rates, a year-long stay in a unit will cost about $1336.92, in case your storage needs are more long term. However, it's important to note that this is the average for all storage unit sizes. The actual price will largely depend upon the size of unit you're looking for. Storage units in West Palm Beach come in these standard sizes: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in West Palm Beach, FL|
When are West Palm Beach, FL storage prices cheapest? Should I book in January or June?
If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
According to our data, West Palm Beach's rental rates aren't as dependent on the time of year as other cities, which leads us to conclude that seasonality is less of a factor here. However, even though prices are less likely to change dramatically in West Palm Beach, locking in a rate for your entire stay often allows you to bargain the total price down. The best month to go searching for storage in West Palm Beach is June, when the average unit goes for a low $47.76 a month. The worst month, on the other hand, is January, when units hit a high of $111.41.
Is self storage in West Palm Beach pricey?
It's often the case that storage prices can swing to the opposite end of the spectrum within a few blocks in the same city, just as real estate values are liable to do. A more expansive search could help uncover some hidden storage gems. While it's true that accessing the unit will be more cumbersome the farther it is away, the potential savings could make you complacent with any extra inconvenience. If we can show that self-storage (also known as public self storage and mini storage) in West Palm Beach is more expensive than its surroundings, then you'll know to expand your search.
West Palm Beach is the 26th most expensive city for self storage in the state of Florida, with the average price of a storage unit there coming in at $111.41. Florida itself is the 15th most expensive state for storage. In more exact terms, storage in West Palm Beach costs an average of $32.78 more than the average storage unit in Florida, which goes for 78.63.
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. 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. In Florida, the median income is $45,281.00 a year, which would make the average $111.41 unit in West Palm Beach cost 2.95% of a median earner's monthly income. According to our calulations, this makes West Palm Beach quite the expensive place to rent a storage unit, its price as a percent of income coming in at the 84th percentile of all cities in Florida.
In addition, storage in West Palm Beach is also very expensive on the national scale, ranking at the 88th percentile compared to other cities across the nation. Expect to pay $39.26 more than the national average of $72.15 when searching for self storage in West Palm Beach.
What's storage facility coverage like in West Palm Beach, FL? Are there plenty of facilities to choose from, or only a few?
If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. So how many storage businesses are located in West Palm Beach?
Based on our data, we estimate that there are about 33 storage facilities doing business in the West Palm Beach, FL area. Other cities in Florida average only 10 storage facilities, 23 less than what's available in West Palm Beach, which means West Palm Beach is home to a large number of storage businesses. This ranks West Palm Beach as the 10th largest storage market out of 173 Florida cities in terms of number of facilities, making up 2% of the state's total. But what about on a national scale? Even then, West Palm Beach has more storage facilities than the average city, 24 more than the average 9, to be exact.
But of course, comparing the raw number of storage facilities in West Palm Beach to other cities in Florida and nationwide without taking population into account tells us very little. How, then, does West Palm Beach with its 99,504 people compare to cities of a like size? When we compared West Palm Beach to other cities with populations of 50,000 to 100,000 that we have listings for, we found that West Palm Beach had 22 more self-storage facilities listed than the average city from this bracket did. In other words, you can be sure that there's plenty of extra storage space available in West Palm Beach. That West Palm Beach has few facilities for its size seems to be further validated when we look at West Palm Beach's actual per capita storage facility coverage. Among cities nationwide, West Palm Beach ranks in the 65th percentile for the number of storage units per capita, offering its 99,504 residents a moderately-high amount of storage space. How does West Palm Beach compare to its neighbors in Florida? It seems that even compared to other cities in Florida, West Palm Beach still has a large amount of storage space on offer for its population, as it sits in the 66th percentile for facilities per capita.
Another thing about West Palm Beach we feel we should mention is that it's growing, and rapidly, having seen its population increase by 20% between the 2000 and 2010 census, a 2.4% higher growth rate than the 17.6% the state of Florida experienced as a whole. But even if the people moving into West Palm Beach have created a higher demand for storage units, the city's high number of facilities per capita should help meet that demand.
Which ZIP codes in West Palm Beach offer the greatest deals on storage units? Which offer the highest prices?
Storage prices can vary widely depending on which part of West Palm Beach you're in The best prices on storage in West Palm Beach can be found in the 33407 ZIP code. Units there average $72.13 a month. West Palm Beach's highest-priced neighborhood for storage lies within the 33405 ZIP code, where storage rental rates are an average $190.84 a month.
WEST PALM BEACH SELF STORAGE: THE BOTTOM LINE
Hunting for a highly affordable self storage unit in West Palm Beach, FL? You'll score the best bargains in June within the 33407 ZIP code. The worst month to look for storage is January, when prices are at their highest, and be mindful of the fact that 33405 area is the most expensive.