Before you start your storage search in Louisville, it's important that you know how much a unit in Louisville typically costs. Any past experiences you might have booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be hundreds of dollars higher than the next. Which is precisely the reason we've had the SelfStorage.com analysts dig through all the data in order to bring back the crucial information you need to book a unit in Louisville.
You should expect to pay an average of $81.53 a month for self storage in Louisville. For you long-term storage seekers out there, that's about $978.36 per year. Note that this average disregards the different unit sizes and so shouldn't be taken too literally. Units of different square footage can go for hundreds of dollars more or less than others, even in the same storage facility. In Louisville you'll have the option of renting six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, and 10x20. The average monthly rental rates for each are:
|Storage Unit Size||Average Price in Louisville, KY|
Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of the year. The period between April and September is typically considered the high season for storage, while prices are lower the rest of the year, notably through October and March. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. In addition to families moving between homes, college students renting storage for the summer also contribute to demand during the high season, particularly in college towns.
Louisville isn't nearly as affected by seasonal change as most other cities are, the average price of storage remaining relatively stable throughout the year. Still, booking during the low season and locking in your price with the facility is an important part of getting a good deal on self storage. With its average price of $81.53, January is the cheapest month to book storage in Louisville. With an average price of $121.92, February is the most expensive month to rent storage in Louisville.
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. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. The sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. In order to help you know whether or not to expand your search, the analysts at SelfStorage.com have done the math to figure out whether self-storage (also called mini storage or public self storage) in Louisville is relatively more or less expensive than other cities.
Louisville's average price of $81.53 a month for a unit ranks it as the 2nd most expensive city for self-storage in Kentucky, which itself ranks as the 45th most expensive state for storage. In more exact terms, storage in Louisville costs an average of $26.72 more than the average storage unit in Kentucky, which goes for 54.81.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. In order to establish some kind of index of affordability for Louisville storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. The median income in Kentucky is $41,129.00, which means the average storage unit in Louisville would require 2.38% of a median earner's monthly income. When compared to storage price as a percent of income in other cities in Kentucky, Louisville ranks in the 87th percentile, which means that self-storage here is quite expensive.
The same holds true on a national scale, where self-storage rates in Louisville are comparatively very expensive, ranking in at the 79th percentile among cities on our nationwide network. Expect to pay $9.38 more than the national average of $72.15 when searching for self storage in Louisville.
Finding storage is a game of numbers, and one important number is that of the amount of storage facilities in your city. More facilities bring more options, so the odds of finding the perfect unit increase as the number of facilities in your area does. So how many storage businesses are located in Louisville?
According to the data on our facility network, there are 67 storage businesses operating in Louisville, KY. The average city in Kentucky hosts 16 storage businesses, 51 less than what's on offer in Louisville. In other words, Louisville offers great storage coverage for its state. Out of all 10 cities in Kentucky listed on the SelfStorage.com network, Louisville ranks as the 1st-highest in terms of number of storage businesses, accounting for 42.41% of facilities. Outside of Kentucky, Louisville still has a sizeable supply of storage facilities, 58 more than the 9 that other cities across the nation average.
But how does Louisville compare to the rest of Kentucky and the nation on a per capita basis? After all, not controlling for population makes most city comparisons obsolete. Louisville, KY has approximately 253,128 inhabitants. Do the 67 storage businesses there offer the community enough storage space? Considering that the average city that falls in the 250,000 to 1,000,000 population bracket has 49 self storage facilities, we can conclude that Louisville, which boasts 18 more, has a fairly-high amount of storage space for its size. Indeed, that Louisville has a good number of storage facilities for its population is confirmed once more when we look at its per person facility count. Among cities nationwide, Louisville ranks in the 57th percentile for the number of storage units per capita, offering its 253,128 residents a moderately-high amount of storage space. But the average city in Kentucky, on the other hand, must have significantly more storage per capita than cities on the national scale do, as Louisville doesn't rank so well back home in Kentucky. Louisville only places in the 33rd percentile among its peers in Kentucky, which might make it harder to find the storage unit you're looking for here than in other cities in Kentucky.
Prices on self storage in Louisville can change substantially with a few minutes drive in any direction. The cheapest neighborhood for storage space in Louisville is within the 40216 ZIP code. The average unit there goes for $99.53 a month. You probably won't be finding the best deal on storage in the 80027 ZIP code in Louisville, which with an average price of $171.98 a unit is the priciest neighborhood in town.
Are you trying to reserve an unbeatably-good bargain on a self storage unit in Louisville, KY? January is the best month to find inexpensive storage, and the least expensive units are located in the 40216 ZIP code. The worst time to search for storage is during February, when units are at their highest average price, and be aware that the 80027 area is the most expensive part of town for storage.
Louisville, KY self storage typically costs between $50 and $245 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, Louisville had an average home value of $104,900 which in the past year is up 0.020%.