Portland, OR Self Storage: FAQ
Portland's formerly-secret success as an alternative-living haven is no longer anything close to secret, but there's much more to the city than its widely-satirized culture. Though its winters are too chilly for some tastes, its summers are wonderfully mild and are excellent for visiting one of the city's many parks or green spaces. Though the city has struggled with unemployment rates, the 1,200-odd tech companies that call Portland home provide the city with a good deal of high paying jobs. None of this will be news to you if you're a Portlander or are planning on soon becoming one, but are you aware of the cheapest month to rent storage in Portland?
What are the cheapest months to rent storage in Portland, OR? Which months are most expensive?
The demand for storage being as highly seasonal as it is, moving between highs and lows throughout the year, the season you decide to book a unit during can have as much affect on the price you pay as any other factor. Late spring to late summer is typically considered the high season, while fall, winter, and early spring are when prices are usually at their lowest. 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.' Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
The price difference between high and low seasons in Portland is minimal, which means you shouldn't have to worry about huge rate changes from one season to the next. 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. February is the most expensive month for storage in Portland, with an average price of $100.2. The cheapest prices on storage in Portland can be found during the month of January, where the average cost of a unit is $65.36.
How many self-storage facilities do you offer in Portland? Is there enough coverage to meet the population's demand?
Finding storage is a game of numbers, and one important number is that of the amount of storage facilities in your city. More facilities bring more options, so the odds of finding the perfect unit increase as the number of facilities in your area does. So how many storage businesses are located in Portland?
Industry experts at SelfStorage.com estimate that there are approximately 67 storage facilities servicing the Portland, OR community. On average, cities in Oregon are home to only about 10 storage facilities, a full 57 less than Portland's 67, meaning coverage in Portland is reasonably high. Portland also boasts the 1st highest count of storage facilities out of all 35 cities in Oregon, making up 19.09% of the state's facility count. Does Portland perform as well against other cities outside of its state? In fact it does, as its 67 facilities put it 58 above the national average of 9 per city.
'But what about self storage facilities per capita?', you might be thinking. Comparing Portland to other cities in Oregon irrespective of population does, indeed, make little sense. How, then, does Portland with its 566,143 people compare to cities of a like size? Comparing Portland to other cities in the 250,000 to 1,000,000 population bracket, we find that Portland has a few more facilities than average. That bracket's average is 49 facilities per city, 18 less than what can be found in Portland. But does Portland's relationship to other cities in the 250,000 to 1,000,000 bracket prove that it has a relative surplus of self-storage facilities for the population, or would a different measure be more relevant? As it turns out, per capita data seems to have repudiated the importance of those figures. When compared with cities nationwide, Portland ranks in the 31st percentile for storage facilities per inhabitant, which means that, comparatively, Portland is somewhat-low on storage space for its 566,143 residents. Even when we only compare Portland to other cities in its state, it still appears to have relatively little self-storage space for the size of its population, coming in at the 29th percentile for facilities per capita among cities in Oregon.
Lastly, census data shows that Portland is growing in population, though not as fast as the rest of its state. It saw a 6.8% increase from 2000 to 2010, a 5.2% less than the 12% growth that Oregon saw as a whole. There might then indeed be less demand for storage in Portland created by people moving into town, but at the same time there's already less storage per person than in other cities in Oregon, so the curent population faces an already-low supply.
Which neighborhoods in Portland have the lowest prices on self-storage units? Which have the worst rates?
Storage prices on one side of Portland can be totally different on the other side of the city. Searching for storage in the 6480 ZIP code should yield the cheapest rental rates, as units there average $94.85 a month, lower than anywhere else in Portland. You might want to avoid searching in the 97209 ZIP code, which, with its average unit price of $355.15 a month, is the priciest place for self storage in Portland.
How much does a self storage unit in Portland cost?
You'll have a tough time telling a good deal on storage in Portland from a great one if you don't know what storage in Portland normally costs. Comparing facilities you booked storage at in other cities will do you little good, as the average price for storage could be hundreds of dollars different. That's why, in order to make sure you go into your storage search as well-informed as possible, we've gone ahead and gathered the data for you.
Expect to pay an average of $65.36 a month for a storage unit in Portland. If you're thinking of renting a unit for the long term, that's approximately $784.32 per year. This average does encompass all storage unit sizes, so it should be taken with a large grain of salt. Different unit sizes will of course go for very different prices. The standard sizes of storage available in Portland include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. In Portland, the average price for each standard size is:
|Storage Unit Size||Average Price in Portland, OR|
Is self storage in Portland cheap?
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. 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 sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. If we can show that self-storage (also known as public self storage and mini storage) in Portland is more expensive than its surroundings, then you'll know to expand your search.
An average price of $65.36 a month for a storage unit makes Portland the 19th most expensive city in Oregon for self-storage, while Oregon itself is the 24th most expensive state. When searching for storage in Portland, expect to pay $5.45 less than Oregon's average price of $70.81.
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. That's why we've developed a 'relative price' scale that takes state median income into account. The median income in Oregon is $51,862.00, which means the average storage unit in Portland would require 1.51% of a median earner's monthly income. Compared to the price-as-percent-of-income in other Oregon cities, Portland ranks at the 47th percentile, making storage here relatively affordable.
The same holds true on a national scale, where storage in Portland is comparatively relatively cheap, ranking at the 44th percentile among cities nationwide. To put that in more concrete terms, storage in Portland should cost an average of $6.79 less than the national average price of 72.15.
THE BOTTOM LINE ON PORTLAND SELF STORAGE:
Trying to find an exceptionally cheap self storage unit in Portland, OR? January is the best month of the year to find cheap storage, while the cheapest area for storage is within the 6480 ZIP code. The least optimal time to search for storage is in February, the priciest month of the year for storage, and be conscious of the fact that the 97209 area has the worst prices.