If you're new to searching for self storage in Lansing you might not know what kind of prices should be expected. Since self storage rates can vary widely from city to city, the only comparison you can accurately make is with other storage facilities in that city. That's why our analysts have crunched the numbers so that you will be able to know what to expect before you begin your storage search.
Self storage rental rates average $70 a month in Lansing. That monthly rental rate would come out to a yearly price of about $840, should you be thinking of renting for that length of time. Nut before you take that figure as a definitive starting point, note that it is the average for all sizes taken together, and so shouldn't be used as the basis for your search. Units of different dimensions will of course go for different prices. The standard sizes of storage units in Lansing are: 10x15, 10x20, and 10x30. For each standard storage unit size, here's how much you should expect to pay per month in Lansing:
|Storage Unit Size||Average Price in Lansing, MI|
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. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Lansing to see how it compares with other cities in its state.
With its average price of $70 a month for a unit, Lansing is the 27th most expensive city for self-storage in the state of Michigan, which itself is the 26th most-expensive state for storage. In more exact terms, storage in Lansing costs an average of $1.83 more than the average storage unit in Michigan, which goes for 68.17.
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 Lansing 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 Lansing is $70 and the median income in Michigan is $48,308.00 a year, we can determine that a storage unit would require 1.74% of a median earner's monthly paycheck. This is a relatively-large percentage of income compared to other cities in Michigan, ranking in at the 64th percentile statewide. We have to conlude from this that storage in Lansing is somewhat expensive.
The same holds true on a national scale, where self-storage rates in Lansing are comparatively somewhat expensive, ranking in at the 56th percentile among cities on our nationwide network. To put that in more concrete terms, storage in Lansing should cost an average of $2.15 less than the national average price of 72.15.
As self storage is a seasonal industry, the prices you're seeing now may be very different from those on the same unit at the same facility a few months down the road. 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. The high season comes into full swing on the day after Memorial Day, which is such a popular time to rent storage that those in the industry have taken to calling it 'Crazy Tuesday.' College students looking for a place to keep their things during the summer holiday can also have an effect on high season prices, pushing up prices on smaller units in particular, which is something to keep in mind if you live in a college town.
The difference in price between high and low seasons is negligible in Lansing, which experiences low seasonal effects, according to our data. Still, hunting for storage during the cheapest month of the year is always a great way to find a good deal. With its average price of $63.4, May is the cheapest month to book storage in Lansing. With an average price of $143, November is the most expensive month to rent storage in Lansing.
Storage prices on one side of Lansing can be totally different on the other side of the city. Those trying to find the cheapest storage in Lansing would do well by looking at facilities in the 48911 ZIP code, where storage units go for an average of $104.08 a month, the cheapest in all of Lansing. The 48906 ZIP code, on the other hand, is the most pricey area in Lansing, with an average price of $132.48 for a unit.
Finding the unit you need at the price you want has everything to do with what's available in your area, with more facilities offering more options. How many facilties are operating in Lansing?
SelfStorage.com has 8 storage facilities in Lansing, MI listed on its network. When compared to other cities in the state, Lansing offers a slightly-higher number of facilities, 2 more than the state average of 6 per city. It should come as no surprise then that Lansing has the 15th-highest count of facilities out of all 73 cities on our network in Michigan, acting as home to 1.74% of facilities in Michigan. Outside of Michigan, however, the story is different: Lansing's 8 facilities put it 1 lower than the national average of 9.
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 Lansing to the rest of Michigan. The population of Lansing, MI is 113,802. With 8 self-storage facilities, does Lansing offer relatively good or bad storage coverage? Among the other similarly-sized cities we have listed on the SelfStorage.com network, Lansing has fewer self-storage facilities than average. Cities in its population bracket (100,000 to 250,000) average 18 facilities, while Lansing comes under that mark by 10. Indeed, that Lansing has relatively few storage facilities for its population is substantiated once more when we look at its per person facility count. Among storage facilities across the United States, Lansing ranks in the 16th percentile for self-storage facilities per resident. That extremely-low rank indicates a low amount of self storage space for the 113,802 inhabitants of Lansing, meaning the securing your ideal storage unit could be more difficult in Lansing than it is in other cities. Just as Lansing offers little storage space per person on a national scale, the same goes when we compare the city to others in its state, where it only ranks in the 18th percentile for facilities per capita.
It's also worth mentioning that Lansing lost 4.6% of its population from 2000 to 2010, according to the US Census. That's even more drastic than the -0.6% loss that the state of Michigan experienced as a whole. Recall, however, that Lansing also had a low number of storage facilities per person for its state, so while there might not be as much demand generated by inbound migration, demand may already be high due to its short supply.
Are you trying to locate the single best bargain on a self storage unit in Lansing, MI? May is when prices are lowest on storage, while you'll land the best rental rate in the 48911 ZIP code. The worst time to search for storage is during November, when storage prices climb the highest, and be cognizant of the fact that the 48906 area is more expensive than other areas.
Lansing self storage typically costs between $127 and $179 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, Lansing had an average home value of $55,000 which in the past year is up 0.094%.