Just as home prices will differ from neighborhood to neighborhood in Oklahoma City, so will self-storage rates. The 73127 ZIP code offers the best rates on storage in Oklahoma City, with an average price of $64.67 a month. You probably won't be finding the best deal on storage in the 73118 ZIP code in Oklahoma City, which with an average price of $139.44 a unit is the most expensive place in town.
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. So how many storage businesses are located in Oklahoma City?
SelfStorage.com has 117 storage facilities in Oklahoma City, OK listed on its network. This is a very high number of facilities for a city in Oklahoma, where the average city is home to approximately 19 self-storage businesses, a full 98 less than those in Oklahoma City. In fact, Oklahoma City's 117 facilities give it the 1st-highest count in the state out of all 19 cities. It's home to a surprising 32.87% of all facilities in Oklahoma. Does Oklahoma City perform as well against other cities outside of its state? In fact it does, as its 117 facilities put it 108 above the national average of 9 per city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Oklahoma City to other cities in Oklahoma irrespective of population does, indeed, make little sense. Oklahoma City, OK has approximately 560,333 inhabitants. Do the 117 storage businesses there offer the community enough storage space? Considering that cities with populations of 250,000 to 1,000,000 average 49 storage facilities, we feel fully confident in saying that Oklahoma City--which offers 68 more facilities--has plenty of extra storage space for its size. That Oklahoma City has few facilities for its size seems to be further validated when we look at Oklahoma City's actual per capita storage facility coverage. The 560,333 residents of Oklahoma City have 117 self-storage facilities to choose between, which on a per capita basis ranks them in the 51st percentile nationwide. That's a relatively-high amount of space for each person living in Oklahoma City. If Oklahoma City scored high on the national level, it doesn't do so well when compared with other cities Oklahoma, where it only ranks at the 38th percentile.
In discussing facilities per capita, we also feel that we should mention the fact that Oklahoma City's population is growing, and by a significant margin. Its population saw a 10.3% increase in the first decade of this century, which is 1.6% more than the 8.7% increase the whole state of Oklahoma experienced. But though the people moving into Oklahoma City may generate more demand for storage units, remember that the city does have a high number of storage businesses per capita, which should help balance that added demand out.
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. A great way of scoring a dirt-cheap storage unit is expanding the area in which you're searching. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. But is it worth expanding your search, or is self-storage (commonly called mini storage or public storage) cheaper in Oklahoma City than its surroundings? We asked the analysts at SelfStorage.com to find out.
An average price of $61.09 a month for a storage unit makes Oklahoma City the 8th most expensive city in Oklahoma for self-storage, while Oklahoma itself is the 40th most expensive state. In general, storage units in Oklahoma City go for $1.71 more than the state average of $59.38.
But average prices don't necessarily tell you how affordable storage is in a given city, as money goes further in some states than it does in others. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. In Oklahoma, the median income is $46,459.00 a year, which would make the average $61.09 unit in Oklahoma City cost 1.58% of a median earner's monthly income. This is a relatively-large percentage of income compared to other cities in Oklahoma, ranking in at the 61st percentile statewide. We have to conlude from this that storage in Oklahoma City is somewhat expensive.
But on the other hand, storage in Oklahoma City is relatively cheap when we compare it to cities across our national network, ranking at the 48th percentile nationwide. Expect to pay $11.06 less than the national average of $72.15 when searching for self storage in Oklahoma City.
It's nearly impossible to know what a good monthly rate on a storage unit is if you don't know what kind of prices to expect in Oklahoma City. Being that the average price of storage unit can be different by hundreds of dollars between two cities in the same state, any past experiences booking storage elsewhere will help you little in figuring out how much you should pay. 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 Oklahoma City.
On average, storage facilities in Oklahoma City charge a monthly rental rate of $61.09 for a storage unit. At that rate, staying in a unit for a year would cost about $733.08, in case you need storage for a long period of time. However, it is important that we note that this figure includes all storage unit sizes. It's not uncommon for larger units to be more than twice as costly as the smaller sizes. The standard sizes of storage units in Oklahoma City are: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Here are the average monthly rates for each standard unit size in Oklahoma City:
|Storage Unit Size||Average Price in Oklahoma City, OK|
If you do your comparison shopping for storage units a few months from now, you might be surprised to see that prices have changed. That's because the self storage market is highly seasonal. The low season generally lasts from October through March, with prices kicking up in April and hitting their high from May to September. The day following Memorial Day is typically the busiest of the high season, and is known in the industry as 'National Moving Day' and 'Crazy Tuesday for the number of people who decided to move and rent storage on that day. Those looking for storage in areas with a large population of college students might find that seasonality affects prices on smaller unit sizes in particular, as students book 5x5s and 5x10s to store their things while they go home for the summer.
Seasonality seems to be a very low factor in Oklahoma City self storage prices, with little change between high and low season prices. Despite the low level of seasonality, those looking for a self storage unit may still want to lock in their price at the time of booking. You're most likely to get a good deal on a storage unit in Oklahoma City during the month of April, when the average price is at its lowest, $51 a month. You're least likely to get a good deal in February, when the average price is a high $70.23.
Hunting for a crazy-awesome deal on a self storage unit in Oklahoma City, OK? April is the best time to search for storage, and the most inexpensive units are located in the 73127 ZIP code. The worst time to search for storage is during February, when storage prices reach their climax, and keep in mind that the 73118 area is the priciest in Oklahoma City for storage.
Oklahoma City self storage typically costs between $29 and $155 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, Oklahoma City had an average home value of $165,000 which in the past year is up 0.038%.