It's not uncommon for another community a few miles down the road to offer substanial savings on storage compared to the rates in your community. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. Depending on how often you'll need to access your unit, this could be the way to go. 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 Lafayette. We've gone ahead and figured that out for you.
With its average price of $65 a month for a unit, Lafayette is the 23rd most expensive city for self-storage in the state of Louisiana, which itself is the 19th most-expensive state for storage. When searching for storage in Lafayette, expect to pay $10.17 less than Louisiana's average price of $75.17.
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. In order to establish some kind of index of affordability for Lafayette storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. In Louisiana, the median income is $40,599.00 a year, which would make the average $65 unit in Lafayette cost 1.92% of a median earner's monthly income. Compared to the price-as-percent-of-income in other Louisiana cities, Lafayette ranks at the 43rd percentile, making storage here relatively affordable.
In national terms, however, storage in Lafayette is actually on the opposite side of the specturm, ranking in at the 64th percentile nationwide, making it somewhat expensive. 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 $7.15 less than that for self storage in Lafayette.
If this is your first time searching for a storage unit in Lafayette you might not know what kind of prices to expect. 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. But don't worry: we've gone ahead and calculated everything you might need to know about the price of storage in Lafayette.
Expect to pay an average of $65 a month for a storage unit in Lafayette. Over the period of a year, that would cost approximately $780, in case you're thinking of renting for a longer period of time. Now, it should be noted that that average rate is for all sizes of units in Lafayette, and so should not necessarily be used as a definitive yardstick. Larger units can be more than twice as expensive as the smaller sizes. The standard sizes of storage available in Lafayette include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Lafayette, LA|
Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of the year. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. The day after Memorial Day (which those in the moving and storage industries often refer to as 'Crazy Tuesday') is typically seen as the start of the high season and is frequently the most expensive day to rent storage during that season. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Compared with other cities, Lafayette experiences a somewhat higher level of seasonality, with prices between low and high seasons differing to a greater degree than in many cities. 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. The lowest prices on self storage in Lafayette can be found during the month of March, with an average price of $38.33, while the most expensive month is June, with an average price of $134.
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? So how many storage businesses are located in Lafayette?
According to our estimates, there are approximately 28 storage businesses operating facilities in Lafayette. Other cities in Louisiana are home to an average 11 facilities, 17 less than Lafayette, meaning Lafayette's storage coverage is slightly-higher than average. It makes sense then that Lafayette is also the 5th largest in terms of facilities out of all 42 cities in Louisiana listed on our storage network, accounting for approximately 5.85% of self storage facilities listed in that state. How does Lafayette fare against cities outside of Louisiana? On a national scale, it still has more facilities than the average city, 19 more than the average 9, to be more precise.
Of course, simply comparing cities irrespective of their various populations tells us very little about these cities, even when we're comparing Lafayette to other cities in Louisiana. We ought to be comparing Lafayette, with its population of 114,915, to cities of similar size. Considering that the average city that falls in the 100,000 to 250,000 population bracket has 18 self storage facilities, we can conclude that Lafayette, which boasts 10 more, has a fairly-high amount of storage space for its size. In addition, if we look at Lafayette's per capita facility count, our former findings seem to be definitively supported: Lafayette does seem to have a large number of facilities for its size. On a per capita basis versus other cities nationwide, Lafayette ranks in the 55th percentile, meaning that it offers its residents a somewhat-large amount of storage space. But if Lafayette appeared to have a large amount of storage space for a city on the national scale, it doesn't in Louisiana, where it only ranks in the 29th percentile.
In discussing facilities per capita, we also feel that we should mention the fact that Lafayette's population is growing, and by a significant margin. Its population saw a 2.6% increase in the first decade of this century, which is 1.2% more than the 1.4% increase the whole state of Louisiana experienced. But even if Lafayette's growth in population has caused a surge in demand, keep in mind that the city still, even after all that growth, has a good number of facilities per capita, which may balance out the population surge.
Just as real estate prices do, storage prices can change from one block in Lafayette to the next. You'll find the best prices on storage in the 47905 ZIP code, which averages $78.44 a month for a storage unit. Rental rates are most pricey in the 94549 ZIP code, where they go for an average $178.74 per month.
Are you trying to reserve an especially affordable self storage unit in Lafayette, LA? March is the best month to find inexpensive storage, and the best area to look for storage is the 47905 ZIP code. You should avoid searching in June, when unit prices are at their highest, and remember that the 94549 area is the most expensive.
Lafayette, LA self storage typically costs between $32 and $233 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, the average price of a home in Lafayette is $209,000.