Lynnwood, WA Self Storage: FAQ
Does Lynnwood, WA offer plenty of options when it comes to different storage facilities?
More facilities in an area mean more options, with some cities offering storage-searchers a wide range and others one that's much more narrow. When it comes to the number of facilities operating in Lynnwood, how many options are available?
According to the data on our facility network, there are 4 storage businesses operating in Lynnwood, WA. To give you some perspective, the average city in Washington has 10 facilties listed on the SelfStorage.com network. That's much higher than Lynnwood, which offers a full 6 fewer facilities. To put it into a different perspective, that's just barely 0.59% of the facilities in Washington, ranking it as the 46th largest out of 70 Washington cities in terms of number of storage businesses. Lynnwood also has a below-average number of facilities when compared to cities on the national scale, where it's 5 below the national average of 9 storage facilities.
But making comparisons between any cities, whether it be comparing Lynnwood to its neighbors in Washington or on a national scale, isn't a very fruitful excercise when we ignore a city's population. Are the 4 facilities in Lynnwood sufficient at supplying the 34,017 people who call it home with enough extra storage space? If we compare Lynnwood to other cities with populations of 25,000 to 50,000, we find that Lynnwood doesn't quite offer as much storage space as these others do. The average for cities in that bracket is 7, which of course beats Lynnwood by 3 facilities. But then again, such a population bracket covers a wide range of cities. A more accurate measure would be Lynnwood's per capita facility count--a measure which has strenthened our former results, showing Lynnwood to indeed have little storage for its size. On a national scale, Lynnwood ranks in the 31st 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 34,017 people living in Lynnwood might have a harder time locating the right storage unit for them than they would in other cities. On a statewide basis, on the other hand, Lynnwood doesn't perform so poorly in terms of facilities per person. In fact, it ranks in the 92nd percentile for cities in Washington.
The fact that Lynnwood is growing, but not doing so at a particularly rapid rate, also bears mentioning in our discussion of storage facilities per person. The US Census reports that Lynnwood saw 0.5% more people move there in the first decade of this century. That's not insignificant, though it is 13.6% less than the 14.1% population that Washington saw altogether. With a lower growth in population than the rest of Washington and a high number of facilities per person for the state, Lynnwood should be a great place to find a storage unit.
About how much does a Lynnwood, WA storage unit cost?
It's impossible to know what a good deal on storage is if you don't know what kind of prices to expect in Lynnwood. Storage prices can shift significantly from city-to-city, so knowing what's standard for an area can be difficult. In order to prevent you from going into your storage search unprepared, we here at SelfStorage.com have prepared the numbers you need to know.
Storage rentals in Lynnwood have an average montly rate of $108.5. For those looking for a long term storage solution, that's an average of $1302 a year. Do keep in mind, though, that that average is for all unit sizes in Lynnwood together, so comparing it to individual units will do you little good. As you might expect, monthly rates will change depending on the size of the unit you choose. In Lynnwood you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, and 10x20. For each standard size, here's how much you might expect to pay per month in Lynnwood:
|Storage Unit Size||Average Price in Lynnwood, WA|
Is self storage in Lynnwood cheaper or more expensive than other cities in Washington?
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. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. 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. That being said, if we can determine that self-storage (which also goes by mini storage and public storage) prices are lower in Lynnwood than in other nearby cities, we can make it easier for you to decide whether or not to take the time on a wider search.
With its average price of $108.5 a month for a unit, Lynnwood is the 13th most expensive city for self-storage in the state of Washington, which itself is the 21st most-expensive state for storage. To give you a better idea of what this means, Lynnwood's average price is $34.48 more than the state average of $74.02.
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. We use our 'relative price' scale to calculate the relative affordability of storage in a given area using the state median income. In Washington, the median income is $57,392.00 a year, which would make the average $108.5 unit in Lynnwood cost 2.27% of a median earner's monthly income. As a percentage of income, storage in Lynnwood is very expensive according to our scale, its relative price ranking in at the 82nd percentile in Washington.
In addition, storage in Lynnwood is also very expensive on the national scale, ranking at the 76th percentile compared to other cities across the nation. To put that in more concrete terms, storage in Lynnwood should cost an average of $36.35 more than the national average price of 72.15.
When are Lynnwood, WA storage prices cheapest? Should I book in October or March?
As self storage is a seasonal industry, the rates you're seeing now may be very different from those on the same unit at the same facility a few months down the road. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. Memorial Day weekend marks the definitive end to the low season. The following Tuesday is often so busy that it's popularly known as 'Crazy Tuesday' within the self storage industry. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
Seasonality is slightly more pronounced in Lynnwood than it is in other cities on the SelfStorage.com network, meaning some price shifts throughout the year should be expected Keep seasonal changes at bay by signing your storage lease during the low season and then locking in that rate for your entire stay. March is the least expensive month for storage in Lynnwood, with an average price of $67 for a storage unit. October is the most expensive month, when storage goes for an average rate of $206.5.