Lakewood, WA Self Storage: FAQ
How much should I expect my rental rates to be on my storage unit in Lakewood, WA?
Figuring out if a certain storage facility's offered price is any good is a hard call to make if you don't know how much a unit in Lakewood ought to cost in the first place. 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. There's no need to fret, however, as our analysts have gone through the data and have all the statistics on storage in Lakewood that you might need.
On average, a storage unit in Lakewood goes for $78.63 a month. For those looking for a long term storage solution, that's an average of $943.56 a year. This average does encompass all storage unit sizes, so it should be taken with a large grain of salt. The price difference between the smallest units and the largest can be huge. The standard sizes of storage available in Lakewood include 5x5, 5x10, 10x10, 10x15, and 10x20. Here are the average rental rates for each standard size in Lakewood:
|Storage Unit Size||Average Price in Lakewood, WA|
Which ZIP codes in Lakewood have the least expensive on self storage? Which have the worst rates?
Storage prices on one side of Lakewood can be totally different on the other side of the city. The best prices on storage in Lakewood can be found in the 98499 ZIP code. Units there average $85.14 a month. Storage prices are highest within the 90712 ZIP code of Lakewood, where rentals average $216.60 a month.
How many self-storage locations are there in Lakewood? Should I have trouble finding a facility?
Over the course of your search you'll likely be comparing a number of facilities against one another to find the right option for you. Most would agree that the more storage businesses there are to compare, the better. After all, who doesn't like options? If I'm searching for storage in Lakewood, should I expect plenty of available storage facilities, or only a few?
9 storage facilities in Lakewood, WA are listed on SelfStorage.com's facility network. 9 facilities isn't a very high number for a city in Washington; in fact, it's 1 less than the 10 an average city in Washington has on offer. Lakewood accounts for a mere 1.31% of facilities listed in Washington and only ranks as the 70 largest city out of the state's 70 in terms of number of facilities. Nationally, Lakewood's 9 storage facilities make it perfectly average.
But how does Lakewood compare to the rest of Washington and the nation on a per capita basis? After all, not controlling for population makes most city comparisons obsolete. Are the 9 storage facilities providing the 57,710 people living in Lakewood with enough storage space? For its 50,000 to 100,000 population bracket, Lakewood comes a bit under the mark in terms of number of self-storage facilities. Cities in this bracket average 11 facilities, 2 more than what can be found in Lakewood. One may of course argue that measuring Lakewood against cities of a like size isn't the best yardstick and does not prove that there are few storage facilities for the number of people who live there. In order to address these concerns we've looked at Lakewood's facilities per person, which seems to have demonstrated our former conclusions. On a national scale, Lakewood ranks in the 40th 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 57,710 people living in Lakewood might have a harder time locating the right storage unit for them than they would in other cities. Even when we only compare Lakewood 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 10th percentile for facilities per capita among cities in Washington.
Another thing to note is the fact that the population of Lakewood has been shrinking in recent years, falling by 1.2% from 2000 to 2010, according to data from the US Census. During that same period Washington as a whole experienced population growth of 14.1%. Although demand for storage might be lower in Lakewood compared to other cities due to its lower rate of growth, keep in mind that the city still has fewer facilities per capita than most other cities in Washington.
What's the best time of year to book self storage in Lakewood, WA?
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. Sometimes called 'National Moving Day' or 'Crazy Tuesday', the day following Memorial Day is typically the busiest for storage businesses and the highest point of the high season. College towns often see more radical seasonal swings, as their student populations drive demand on smaller units in particular up during the summer.
Seasonality is not particularly pronounced in Lakewood, meaning that month-to-month prices vary less than they do elsewhere. Even though you shouldn't have to worry as much about your rates changing later in the year, it's always best to lock in your rate with the facility if possible. The best month to go searching for storage in Lakewood is June, when the average unit goes for a low $46.83 a month. The worst month, on the other hand, is March, when units hit a high of $109.17.
Is self storage in Lakewood pricey?
Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. It could indeed be that a facility just a mile or two outside of town offers a much lower rate, but you won't find that facility unless you include a wider area in your search. While it's true that accessing the unit will be more cumbersome the farther it is away, the potential savings could make you complacent with any extra inconvenience. If we can show that self-storage (also known as public self storage and mini storage) in Lakewood is more expensive than its surroundings, then you'll know to expand your search.
An average price of $78.63 a month for a storage unit makes Lakewood the 30th most expensive city in Washington for self-storage, while Washington itself is the 21st most expensive state. When searching for storage in Lakewood, expect to pay $4.61 more than Washington's average price of $74.02.
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 Lakewood storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. A storage unit in Lakewood will on average cost 1.64% of a median earner's monthly income, given that the yearly median income in Washington is $57,392.00. When we compare this storage price as a percent of income to other cities in Washington, we find that it ranks in the 57th percentile, making it a fairly expensive place to rent storage.
The same holds true on a national scale, where storage in Lakewood is comparatively somewhat expensive, ranking at the 51st percentile among cities nationwide. To put that in more concrete terms, storage in Lakewood should cost an average of $6.48 more than the national average price of 72.15.
THE BOTTOM LINE ON LAKEWOOD SELF STORAGE:
Are you seeking an unbeatably-good bargain on a self storage unit in Lakewood, WA? June is your best bet for renting cheap storage, while the cheapest units can be found in the 98499 ZIP code. If you can, try not to conduct your storage search during March, when storage prices climb the highest, and remember that the 90712 area is costlier than other areas.