Prices on self storage units can change dramatically from month to month over the course of the year, spiking higher or dipping lower depending on the season. 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. The single busiest day for self-storage businesses is typically the notorious 'National Moving Day' (which facility operators have dubbed 'Crazy Tuesday' for the chaotic scene at many facilities) 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.
The high season isn't as relatively high, nor the low season as low, in New Orleans, where according to our data seasonality has a lesser effect on storage prices. Even so, it's often a good idea to book at the lowest price and then lock in that rate with the facility. Shop for self storage in New Orleans during December to get the best price, when units go for an average of $39. Prices reach their highest in March, which at an average price of $124.4 a month you might want to avoid.
A greater number of storage facilities equates to more available storage space, so the number of facilities operating in your city will be one of the most important factors in your storage search. When it comes to the number of facilities operating in New Orleans, how many options are available?
Based on our data, we estimate that there are about 48 storage facilities doing business in the New Orleans, LA area. When compared to other cities in Louisiana, there are a very large number of facilities operating in New Orleans. The average Louisiana city is home to only 11 facilities, 37 less than in New Orleans. New Orleans also boasts the 2nd highest count of storage facilities out of all 42 cities in Louisiana, making up 10.03% of the state's facility count. When compared against the national average of 9 storage facilities in each city, New Orleans still offers a full 39 more than the average.
If we're making comparisons between cities, however, we're missing out on some important insights if we don't factor population in, even if we're simply comparing New Orleans to the rest of Louisiana. Are the 48 facilities in New Orleans sufficient at supplying the 354,850 people who call it home with enough extra storage space? New Orleans, as it turns out, has fewer storage facilities than is typical of a city its size. Cities with a population of 250,000 to 1,000,000 have an average 49 facilities, 1 more than New Orleans's 48. That New Orleans has few facilities for its size seems to be further verified when we look at New Orleans's actual per capita storage facility coverage. On a national scale, New Orleans ranks in the 36th percentile for self-storage facilities per person, clearly indicating that most other cities on our network offer a greater number of storage businesses per capita. In other words, due to a relative lack of extra storage space, the 354,850 people living in New Orleans might have a harder time locating the right storage unit for them than they would in other cities. If we restrict our scope down to the state level, we get similar results: for cities in Louisiana, New Orleans only ranks in the 7th percentile, meaning that New Orleans has little per capita storage space even compared to other cities in its state.
Finally, it bears mentioning that New Orleans has been experiencing a downward trend in population growth in recent years, losing 26.6% of its population from 2000 to 2010, according to the US Census. Meanwhile, the rest of Louisiana as a whole saw a population increase of 1.4% over that same period. Concluding that demand for storage in New Orleans would be lower than in other cities in Louisiana due to its relatively-low growth rate would, however, be ignoring the fact that New Orleans has fewer facilities for its population than many of these cities, and that a shorter supply would have the same effects on price as high demand.
As they are closely linked to real estate prices, self storage unit prices can be very different in one part of New Orleans to another. Those trying to find the cheapest storage in New Orleans would do well by looking at facilities in the 70123 ZIP code, where storage units go for an average of $143.18 a month, the cheapest in all of New Orleans. Storage is priciest in the 70129 ZIP code, where you should expect to pay about $157.33 a month for a unit.
How can you hunt for a cheap storage unit if you don't know how much one in New Orleans should cost? 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. In order to make sure you don't go into your storage search unprepared, we've had our analysts comb through all the data on New Orleans storage you might need.
Self storage units in New Orleans go for an average monthly price of $88.67. At those rates, a year-long stay in a unit will cost about $1064.04, in case your storage needs are more long term. It's important to note here that that average price does include all standard storage unit sizes. Different unit sizes will of course go for very different prices. There are six standard sizes of storage units in New Orleans, including: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Here are the average rental rates for each standard size in New Orleans:
|Storage Unit Size||Average Price in New Orleans, LA|
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. By widening the breadth of your search, you'll open yourself up to even more facilities and a greater range of possibilities. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. If self-storage (often known as public self storage and mini storage) in New Orleans is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
New Orleans's average price of $88.67 a month for a unit ranks it as the 12th most expensive city for self-storage in Louisiana, which itself ranks as the 19th most expensive state for storage. In general, storage units in New Orleans go for $13.50 more than the state average 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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. A storage unit in New Orleans will on average cost 2.62% of a median earner's monthly income, given that the yearly median income in Louisiana is $40,599.00. When we compare this storage price as a percent of income to other cities in Louisiana, we find that it ranks in the 73rd percentile, making it a fairly expensive place to rent storage.
When placed on a national scale and compared to cities across the country, storage prices in New Orleans are still very expensive, ranking at the 83rd percentile in terms of relative expense. Expect to pay $16.52 more than the national average of $72.15 when searching for self storage in New Orleans.
Trying to book an awesomely-low rate on a self storage unit in New Orleans, LA? You can find the best prices on storage in December within the 70123 ZIP code. You should avoid searching in March, the month during which prices hit their year-long peak, and be conscious of the fact that the 70129 area is the priciest.
New Orleans self storage typically costs between $65 and $241 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 New Orleans is $159,000.