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 is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. Smaller unit sizes are often more strongly affected by seasonality, as college students make up a decent portion of those moving in the summer and tend to book 5x5 and 5x10 units.
Honolulu self storage prices on average change very little throughout the year relative to other cities, making seasonal price changes less of a worry for renters. Despite the fact that seasonal price changes are less of a risk in Honolulu, they're not impossible, so a good idea might be to play it safe and lock in your rate for the entirety of your stay, if possible. The best month to go searching for storage in Honolulu is January, when the average unit goes for a low $34.3 a month. The worst month, on the other hand, is August, when units hit a high of $95.17.
It's nearly impossible to know what a good monthly rate on a storage unit is if you don't know what kind of prices to expect in Honolulu. Since storage prices can change dramatically from one town to the next, the only real comparison you can make is with other facilities in the immediate area. But you needn't fret, need to fret,as our analysts have sifted through the data and have all the figures on storage in Honolulu that you might need.
self storage renters in Honolulu pay an average montly rate of $34.3. If your're in need of storage for a longer term, remember that at that rate a unit will cost you approximately $411.6 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 amount you'll actually end up paying will depend on the size of the unit you decide to rent. In Honolulu you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, and 10x20. The average monthly rental rates for each are:
|Storage Unit Size||Average Price in Honolulu, HI|
Just as real estate prices do, storage prices can change from one block in Honolulu to the next. The 96819 ZIP code offers the best rates on storage in Honolulu, with an average price of $82.94 a month. Storage is costliest in the 96814 ZIP code, where you should expect to pay about $171.02 a month for a unit.
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 Honolulu offer plenty of options when it comes to different storage facilities?
In total, 20 Honolulu storage businesses have listed themselves on our self-storage facility network. How does that number compare to other communities? It's a full 16 facilities more than the average city in Hawaii, where there are an average 4 facilities in each city. It makes sense then that Honolulu is also the 1st largest in terms of facilities out of all 13 cities in Hawaii listed on our storage network, accounting for approximately 37.74% of self storage facilities listed in that state. How does Honolulu fare against cities outside of Hawaii? On a national scale, it still has more facilities than the average city, 11 more than the average 9, to be more precise.
But how does Honolulu compare to the rest of Hawaii and the nation on a per capita basis? After all, not controlling for population makes most city comparisons obsolete. Approximately 374,658 people live in Honolulu, HI. Is that a large population for a city with 20 self-storage facilities, or a small one? It turns out that, when compared with cities of a like size, Honolulu is decisively not a city with a large number of storage facilities. In the 250,000 to 1,000,000 population group, the average number of facilities per city is 49, which is obviously 29 more than are in Honolulu. In other words, Honolulu is not busting at the seems with extra storage space. When we next look at Honolulu's actual per person self-storage facility count, our former conclusions seem to be strenthened beyond any reasonable doubt: the Honolulu community has few facilities for its size. In terms of facilities per capita, Honolulu only ranks in the 10th percentile among cities on our storage network, which seems to indicate quite convincingly that the 20 storage businesses in Honolulu is a very low number for a city of 374,658 people. Among cities in Hawaii, Honolulu ranks in the 25th percentile for storage facilities per capita, meaning that even compared to its neighbors in Hawaii, Honolulu offers its population a relatively low amount of self-storage space.
Lastly, census data shows that Honolulu is growing in population, though not as fast as the rest of its state. It saw a 0.9% increase from 2000 to 2010, a 11.4% less than the 12.3% growth that Hawaii saw as a whole. Although demand for storage might be lower in Honolulu compared to other cities due to its lower rate of growth, keep in mind that the city still has fewer facilities per capita than most other cities in Hawaii.
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 widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. Though you may have to travel farther to access your unit, the additional savings might just be worth it. If we can show that self-storage (also known as public self storage and mini storage) in Honolulu is more expensive than its surroundings, then you'll know to expand your search.
Honolulu is the 12th most expensive city for self storage in the state of Hawaii, with the average price of a storage unit there coming in at $34.3. Hawaii itself is the 3rd most expensive state for storage. In more exact terms, storage in Honolulu costs an average of $67.08 less than the average storage unit in Hawaii, which goes for 101.38.
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. The median income in Hawaii is $60,232.00, which means the average storage unit in Honolulu would require 0.68% of a median earner's monthly income. As a percentage of the local median income this is very cheap compared to other cities in Hawaii, ranking Honolulu at the 8th percentile statewide. We feel comfortable then saying that self-storage in Honolulu is extremely affordable.
The same holds true on a national scale, where self-storage rates in Honolulu are comparatively very cheap, ranking in at the 3rd percentile among cities on our nationwide network. Nationwide, storage costs an average $72.15 a month. Expect to pay about $37.85 less than that for self storage in Honolulu.
Are you trying to find a strikingly affordable self storage unit in Honolulu, HI? Look for the lowest prices on storage units in January within the 96819 ZIP code. The absolute worst time to look for storage is August, when units are at their highest average price, and be cognizant of the fact that the 96814 area is costlier than other areas.
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, Honolulu had an average home value of $535,000 which in the past year is up 0.070%.