Storage rental rates are highly seasonal, with prices often fluctuating widely throughout the year. This seasonality is primarily driven by moving season, which lasts from May to September and generally causes storage prices to spike. National Moving Day (the day following Memorial Day) is typically seen as the first real day of the high season and is often the busiest day of the year for storage facilities. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Analysts at SelfStorage.com have found that seasonal price changes on self storage in Waipahu are marginally higher than in other cities, with a greater average difference between low and high 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. Storage prices are at their highest in Waipahu during the month of March, where they hit an average price of $199, while prices are at their lowest in September, where they go for a low $59.5 a month.
Before you start your storage search in Waipahu, it's important that you know how much a unit in Waipahu typically costs. 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. But there's no reason to worry, as we've gone ahead and calculated all the necessary data so that you can begin your storage search with a firm knowledge of the local industry.
Storage businesses in Waipahu rent out their units at an average price of $144.5 a month. That's roughly $1734 a year, for those of you whose need for storage is of a lengthier nature. It must be noted that that rate averages all sizes of units in Waipahu, and so shouldn't necessarily be used as a definitive yardstick during your search. As should be expected, monthly rates will be quite different depending on thedimensions of the unit you choose. The standard sizes of storage units available in Waipahu include 5x5, 5x10, 10x10, and 10x15. In Waipahu, the average monthly rental rate for each standard size is:
|Storage Unit Size||Average Price in Waipahu, HI|
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 Waipahu is more expensive than its surroundings, then you'll know to expand your search.
With its average price of $144.5 a month for a unit, Waipahu is the 3rd most expensive city for self-storage in the state of Hawaii, which itself is the 3rd most-expensive state for storage. To give you a better idea of what this means, Waipahu's average price is $43.12 more than the state average of $101.38.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. In order to establish some kind of index of affordability for Waipahu storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. Given that the average price of a storage unit in Waipahu is $144.5 and the median income in Hawaii is $60,232.00 a year, we can determine that a storage unit would require 2.88% of a median earner's monthly paycheck. According to our analysis, this makes Waipahu a very expensive place to rent a storage unit, its average price as a percent of income coming in at the 83rd percentile for cities in Hawaii.
If we measure according to the national scale and compare it to cities across the country, self-storage rates in Waipahu are still very expensive, ranking at the 87th percentile in terms of relative expense. Nationwide, storage costs an average $72.15 a month. Expect to pay about $72.35 more than that for self storage in Waipahu.
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, Waipahu had an average home value of $410,000 which in the past year is up 0.079%.