If your area is well-served by a large number of facilities, finding the right unit might be easier for you than for others in communities where less storage space is on offer. In terms of the number of storage businesses in Lake Charles, are there plenty of options available, or few?
Industry experts at SelfStorage.com estimate that there are approximately 24 storage facilities servicing the Lake Charles, LA community. Across Louisiana, approximately 11 facilities are located in each city on average, 13 less than the 24 available in Lake Charles, meaning Lake Charles is home to a few more facilities than the average city. This ranks Lake Charles as the 6th largest storage market out of 42 Louisiana cities in terms of number of facilities, making up 5.02% of the state's total. Lake Charles isn't only a large storage market in terms of its state, either, as its 24 facilities give it 15 more than the national average of 9 facilities per city.
But of course, there are vast differences in population between Lake Charles and other cities in Louisiana, and even more so nationwide, so not controlling for population makes little sense. So how does Lake Charles, with its population of 71,542, compare to cities with similar populations? The average number of storage businesses listed on our network in cities with populations of 50,000 to 100,000 is 11. As Lake Charles has a whopping 13 more storage facilities than that, we can conclude that Lake Charles has plenty of extra storage space for its size. That Lake Charles has few facilities for its size seems to be further strenthened when we look at Lake Charles's actual per capita storage facility coverage. With 24 facilities for its 71,542 residents, Lake Charles ranks in the 65th percentile for self-storage facilities per person in cities nationwide. In other words, there's a pretty good amount of storage for each person in Lake Charles. But if Lake Charles 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 46th percentile.
It's worth mentioning that Lake Charles has seen its population shrink in recent years, its population dwindling by 0.4% from the 2000 census to the 2010 census. During that same period, however, the state of Louisiana actually saw a population increase of 1.4%. Although demand for storage might be lower in Lake Charles 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 Louisiana.
Self Storage rates can change dramatically from one neighborhood to the next in Lake Charles. The cheapest neighborhood for storage in Lake Charles is within the 70601 ZIP code, where prices average $89.13 a month. On the other hand, the 70605 ZIP code is the priciest area of Lake Charles to rent a storage unit, with rental rates averaging $100.82 a month.
Searching for a storage unit in Lake Charles without knowing how much one should cost is no way to go about finding a good deal. Even if you've booked storage units in other cities in the past, prices could be very different in your current city, which makes it difficult to know what is standard. In order to prevent you from going into your storage search unprepared, we here at SelfStorage.com have prepared the numbers you need to know.
Rental rates average $35.75 a month for a storage unit in Lake Charles. That's $429 a year, for those of you whose storage needs are of a lengthier nature. Do keep in mind, though, that that average is for all unit sizes in Lake Charles together, so comparing it to individual units will do you little good. The actual price will largely depend upon the size of unit you're looking for. In Lake Charles you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard size, here's how much you might expect to pay per month in Lake Charles:
|Storage Unit Size||Average Price in Lake Charles, LA|
Self storage prices are highly seasonal, with rental prices often fluctuating widely throughout the year. The high season lasts from late spring to late summer, the most popular period for those moving into a new home. The high season is considered to be in full swing on National Moving Day, also called 'Crazy Tuesday,' the day after Memorial Day. If you're looking for a storage unit in a location with a large student population, be aware that your high season might see an even greater lift in prices than elsewhere, as students often book a large number of units during the summer.
Lake Charles 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. If you'd still like to play it safe, which of course is always a good idea, one way to guard against seasonal price changes is by setting up an agreement with the facility to pay a single rate for your entire rental period. The best month to go searching for storage in Lake Charles is April, when the average unit goes for a low $28.75 a month. The worst month, on the other hand, is August, when units hit a high of $83.5.
Much like real estate values, storage prices can be totally different on one side of a city as they are on another. This should be of little surprise given storage's conection to the real estate industry. One of the best pieces of advice we can give customers looking for the cheapest storage in their area is to expand the breadth of their search. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Lake Charles, then you'll definitely want to expand your search. So is it?
An average price of $35.75 a month for a storage unit makes Lake Charles the 38th most expensive city in Louisiana for self-storage, while Louisiana itself is the 19th most expensive state. When searching for storage in Lake Charles, expect to pay $39.42 less than Louisiana's average price of $75.17.
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. That's why we've developed a 'relative price' scale that takes state median income into account. The median income in Louisiana is $40,599.00, which means the average storage unit in Lake Charles would require 1.06% of a median earner's monthly income. As a percentage of income this is actually a very cheap price to pay for a storage unit. Indeed, when compared to other cities in Louisiana, the relative price of storage in Lake Charles ranks at the 9th percentile.
The same holds true on a national scale, where storage in Lake Charles is comparatively very cheap, ranking at the 18th percentile among cities nationwide. To put that in more concrete terms, storage in Lake Charles should cost an average of $36.40 less than the national average price of 72.15.
Are you trying to locate the absolute best bargain on a self storage unit in Lake Charles, LA? Then book a unit in April within the 70601 ZIP code. The worst time to search for storage is during August, when units are at their highest average price, and be conscious of the fact that the 70605 area is the most expensive in town.
Lake Charles, LA self storage typically costs between $25 and $189 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, Lake Charles had an average home value of $164,900 which in the past year is up 0.084%.