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. So how many storage facilities are there in Lynchburg?
There are 11 total storage facilities in Lynchburg, VA on the SelfStorage.com network. That's slightly higher than most other cities in Virginia, where each city averages 8 facilities, 3 less than what's available in Lynchburg. Indeed, Lynchburg ranks as the 9th city out of the 48 cities on our network in Virginia in terms of number of storage facilities, accounting for a whopping 2.97% of facilities in the state. Lynchburg also has a large number of facilities for a city on the national scale, with 2 more facilities than the national average of 9.
But of course, comparing Lynchburg to other cities in Virginia or across the nation regardless of population tells us very little. Do the 11 self storage facilities in Lynchburg offer the 73,933 people living there enough extra storage space? How does Lynchburg compare to similarly-sized cities? It so happens that Lynchburg is decidedly average in the number of storage facilities it possesses relative to the size of its population. We found that cities within the 50,000 to 100,000 population group averaged 11 self-storage locations each, the exact same number currently operating in Lynchburg. But does comparing Lynchburg with other cities with populations of 50,000 to 100,000 really tell us if Lynchburg's 11 facilities offer enough storage space for the 73,933 living there? Or would the number of facilities per person be a better measure? When compared with cities nationwide, Lynchburg ranks in the 39th percentile for storage facilities per inhabitant, which means that, comparatively, Lynchburg is somewhat-low on storage space for its 73,933 residents. Perhaps if we only compare Lynchburg to other cities in Virginia it might appear to have more storage space? Unfortunately, even by that measure it does seem as if Lynchburg offers relatively little space, as it places in the 25th percentile for per capita storage facilities in Virginia.
It also bears mentioning that Lynchburg saw a large amount of population growth in the past decade, growing by 13.2% from 2000 to 2010, a good 0.200000000000001% more growth than the 13% the state of Virginia experienced over the same period. Don't forget that Lynchburg also offers relatively few facilities per person, meaning that its strong population growth may be exacerbating its shortage of storage.
Storage prices can vary widely depending on which part of Lynchburg you're in The best prices on storage in Lynchburg can be found in the 24502 ZIP code. Units there average $84.06 a month. Units rent at the highest price in the 24501 ZIP code, where they average $102.90 a month.
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. Storage seasonality is in synch with the moving seasons, which are at their highest in the late spring and summer, as a huge amount of storage demand is generated by people moving into new homes. National Moving Day (the day following Memorial Day) is typically seen as the first real day of the high season and is often the busiest day of the year for storage facilities. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
Lynchburg 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. Even so, it's often a good idea to book at the lowest price and then lock in that rate with the facility. January is the least expensive month for storage in Lynchburg, with an average price of $32 for a storage unit. June is the most expensive month, when storage goes for an average rate of $85.
Before you start your storage search in Lynchburg, it's important that you know how much a unit in Lynchburg typically costs. Any past experiences you might have booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be hundreds of dollars higher than the next. But don't worry: SelfStorage.com has all the data you need in order to go into your storage search well informed.
Rental rates on storage in Lynchburg average $32 per month. To give those thinking of renting storage for a year or more some better perspective, that's about $384 per anum. Note that this average disregards the different unit sizes and so shouldn't be taken too literally. It's not uncommon for larger units to be more than twice as costly as the smaller sizes. The standard sizes of storage units available in Lynchburg include 5x10, 10x10, and 10x15. Here are the average monthly rental rates for each size:
|Storage Unit Size||Average Price in Lynchburg, VA|
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 more expansive search could help uncover some hidden storage gems. Though you may have to travel farther to access your unit, the additional savings might just be worth it. But is it worth expanding your search, or is self-storage (commonly called mini storage or public storage) cheaper in Lynchburg than its surroundings? We asked the analysts at SelfStorage.com to find out.
With its average price of $32 a month for a unit, Lynchburg is the 48th most expensive city for self-storage in the state of Virginia, which itself is the 13th most-expensive state for storage. In more exact terms, storage in Lynchburg costs an average of $52.14 less than the average storage unit in Virginia, which goes for 84.14.
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. Given that the average price of a storage unit in Lynchburg is $32 and the median income in Virginia is $62,444.00 a year, we can determine that a storage unit would require 0.61% of a median earner's monthly paycheck. As a percentage of the local median income this is actually a very cheap price to pay for self-storage. Indeed, when compared to other cities in Virginia, the relative price of self-storage in Lynchburg ranks at the 0th percentile.
Lynchburg self-storage prices are very cheap on the national scale as well. When compared with cities on our national network they rank in the 2nd percentile. Nationwide, storage costs an average $72.15 a month. Expect to pay about $40.15 less than that for self storage in Lynchburg.
Do you want to book a cut-price self storage unit in Lynchburg, VA? Look for the cheapest units in January within the 24502 ZIP code. The worst time of the year to look for storage is June, the month during which prices hit their year-long peak, and remember that the 24501 area is the most expensive part of town for storage.
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 Lynchburg is $144,900.