Olathe, KS Self Storage: FAQ
How much should I expect to pay per month for my Olathe self storage unit?
Scoring a great deal on a storage unit in Olathe has everything to do with knowing what kind of price range to expect. Average prices varying as they do from place to place, the only valuable comparison you can make is with other storage facilities in the area. But don't worry: we've gone ahead and calculated everything you might need to know about the price of storage in Olathe.
Storage rentals in Olathe have an average montly rate of $69.66. For those long-term storage seekers, that's about $835.92 per year. Note, however, that that figure is the average for all sizes taken together, and so shouldn't be used as the basis for your storage search. Larger units can be more than twice as expensive as the smaller sizes. There are six standard sizes of storage units in Olathe, including: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Olathe, KS|
Is there a sizeable supply of storage space available in Olathe? Should I expand my search into nearby towns and suburbs?
More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. So how many storage businesses are located in Olathe?
According to our estimates, there are approximately 12 storage businesses operating facilities in Olathe. Other Kansas cities have an average of 11 facilities on our network, 1 less than Olathe, which leads us to conclude that Olathe offers a moderately-high number of facilities. If we were to rank Olathe among the other 17 cities in Kansas, it would come out as the 4th largest market for self storage, accounting for a surprising 6.71% of all facilities in the state. And Olathe doesn't just have a lot of storage facilities for its state, either: it also surpasses the national average of 9 facilities per city by 3.
But of course, comparing Olathe to other cities in Kansas or across the nation regardless of population tells us very little. 121,962 people make Olathe their home. Is 12 a relatively high or low number of storage facilities for such a population? Comparing Olathe to other cities in the 100,000 to 250,000 population bracket, we find that Olathe doesn't quite have as many self storage facilities as average. Other cities in that bracket average 18 facilities, while Olathe has 6 fewer. That Olathe has few facilities for its size seems to be further demonstrated when we look at Olathe's actual per capita storage facility coverage. Per capita, Olathe places in the 25th percentile for storage facilities among cities across the United States. In other words, there are relatively few storage businesses serving the local Olathe market for its size, so extra storage space might be harder to find here. How does Olathe compare to other cities in Kansas? Even when we restict the scope to other cities in its state, Olathe still only ranks at the 37th percentile for per capita storage facilities.
The fact that Olathe is growing, and doing so at a rapid rate, also bears mentioning in our discussion of storage facilities per person. The US Census reports that Olathe saw 29.9% more people move there in the first decade of this century, 23.8% more than the 6.1% population that Kansas saw altogether. Don't forget that Olathe also offers relatively few facilities per person, meaning that its strong population growth may be exacerbating its shortage of storage.
Is self storage in Olathe inexpensive?
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. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. To some, the greater distance to the facility is worth the greater savings. Knowing whether or not you should look in nearby cities depends on whether or not self-storage (sometimes called mini storage or public self storage) in those cities is less expensive than in Olathe. We've gone ahead and figured that out for you.
With its average price of $69.66 a month for a unit, Olathe is the 5th most expensive city for self-storage in the state of Kansas, which itself is the 41st most-expensive state for storage. To give you a better idea of what this means, Olathe's average price is $10.49 more than the state average of $59.17.
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 Olathe 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 Olathe is $69.66 and the median income in Kansas is $46,827.00 a year, we can determine that a storage unit would require 1.79% of a median earner's monthly paycheck. As a percentage of income, storage in Olathe is very expensive according to our scale, its relative price ranking in at the 75th percentile in Kansas.
Olathe storage prices are somewhat expensive on the national scale as well. When compared with national cities they rank in the 58th percentile. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $2.49 less than that for self storage in Olathe.
Are storage rental rates seasonal? Do storage unit prices in Olathe, KS change depending on the time of year?
The self storage market being of a seasonal nature, the prices on offer at the moment could be substantially different from those you'll see two months from now. 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. Cities with high proportions of university students may see more pronounced seasonal highs and lows, as many students book storage units during the summer.
Olathe, 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. Sudden seasonal price swings could of course still happen, and one of the best ways to prevent your rates from exploding is by locking them in for the entirety of your stay when you first sign the contract with the facility. Your chances of getting a low price on a storage unit in Olathe are highest during December, when the average rental rate drops to a low $43.4. Your chances are lowest during February, which with an average price of $97.19 is the most expensive time to book a unit.
Where can I get the best monthly rates on storage units in Olathe, Kansas?
As they are closely linked to real estate prices, self storage unit prices can be very different in one part of Olathe to another. Look for a cheap unit in the 66061 ZIP code, where the average price of $98.08 is the lowest in Olathe. On the other hand, the 66062 ZIP code is the priciest area of Olathe to rent a storage unit, with rental rates averaging $108.47 a month.
SELF STORAGE IN OLATHE, KS: THE BOTTOM LINE
Trying to locate a dirt-cheap self storage unit in Olathe, KS? Then start your search during December within the 66061 ZIP code. The worst month to look for storage is February, when units are at their priciest, and be cognizant of the fact that the 66062 area is pricier than other areas.