Self Storage in Olympia, WA: Frequently Asked Questions
Are self storage prices in Olympia, WA lower in certain seasons? Should I book my unit in the spring, summer, fall or winter to get the best deal?
One of the most prominent factors involved with finding a cheap storage unit is the time of year you go searching for that unit, as storage prices change due to seasonal demand. The high season typically begins in April or May and lasts till August or September, with prices dropping back down to their lowest in the late fall and winter. The single busiest day of the high season is typically National Moving Day, also called 'Crazy Tuesday' by storage facility operators for the amount of activity they see that day, which is the day after Memorial Day. Smaller unit sizes are often more strongly affected by seasonality, as college students make up a decent portion of those moving in the summer and tend to book 5x5 and 5x10 units.
The high season isn't as relatively high, nor the low season as low, in Olympia, where according to our data seasonality has a lesser effect on storage prices. Despite the fact that seasonal price changes are less of a risk in Olympia, they're not impossible, so a good idea might be to play it safe and lock in your rate for the entirety of your stay, if possible. Those looking for self storage in Olympia will find the lowest prices in August, with its average price of $65.43. March, however, is the most expensive month, averaging $134.56.
Are certain areas of Olympia more expensive for storage than others?
Much like real estate, self-storage prices can change drastically within the space of a few miles in Olympia. The cheapest place for storage in Olympia is within the 98502 ZIP code, where prices average $103.79 a month. Storage prices are highest within the 98513 ZIP code of Olympia, where rentals average $169.00 a month.
How many self storage locations are there in Olympia, WA? How much storage coverage is there for a city that size?
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? About how many storage facilties are serving the Olympia area?
Based on our data, we estimate that there are about 18 storage facilities doing business in the Olympia, WA area. On average, cities in Washington have 10 facilities listed on our network, 8 less than Olympia. This leads us to conclude that Olympia has a somewhat-high number of facilities for being a city in Washington. Furthermore, Olympia accounts for a full 2.62% of facilities in Washington and ranks as the 11th-largest storage market out of all 70 cities in Washington. Olympia isn't only a large storage market in terms of its state, either, as its 18 facilities give it 9 more than the national average of 9 facilities per city.
Of course, simply comparing cities irrespective of their various populations tells us very little about these cities, even when we're comparing Olympia to other cities in Washington. Are the 18 facilities in Olympia sufficient at supplying the 46,100 people who call it home with enough extra storage space? As it turns out, Olympia actually does have a large amount of storage space for its size. Nationwide, cities with populations of 25,000 to 50,000 have an average 7 storage facilities, which is of course 11 less than the 18 found in Olympia. Olympia's above average number of facilities seems to be validated when we look at the actual per capita number of facilities. The 18 facilities serving Olympia's 46,100 residents place it in the 69th percentile for self-storage facilities per capita nationwide, meaning that there's a pretty high amount of storage space for each person in Olympia. And just as Olympia ranks high for storage space per capita on a national scale, it also has a large number of storage businesses for a city in Washington, placing at the 98th percentile.
It also bears mentioning that Olympia saw some population growth in the past decade, growing by 6.9% from 2000 to 2010. Though that's not an insignificant number, it is in fact 7.2% less growth than the 14.1% the state of Washington experienced over the same period. With a lower growth in population than the rest of Washington and a high number of facilities per person for the state, Olympia should be a great place to find a storage unit.
On average, how much does a storage unit in Olympia rent for?
Just like real estate prices, prices on storage can be totally different in different parts of the same city. That's why those looking for the best deal on a storage unit should expand the area of their search as far and wide as possible. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. If self-storage (often known as public self storage and mini storage) in Olympia is more expensive than elsewhere, then you should definitely broaden your search. So we asked our analysts to find out.
With its average price of $84.5 a month for a unit, Olympia is the 27th most expensive city for self-storage in the state of Washington, which itself is the 21st most-expensive state for storage. In general, storage units in Olympia go for $10.48 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. In order to establish some kind of index of affordability for Olympia storage, we've developed a 'relative price' scale which takes the cost of living in terms of state median income into account. The median income in Washington is $57,392.00, which means the average storage unit in Olympia would require 1.77% of a median earner's monthly income. Compared to other cities in Washington, this is a fairly-high percentage of income, ranking in the 61st percentile statewide, leading us to label Olympia as a relatively expensive place to rent storage.
When placed on a national scale and compared to cities across the country, storage prices in Olympia are still somewhat expensive, ranking at the 57th percentile in terms of relative expense. The national average monthly price of a storage unit is $72.15. Depending on the size of unit you rent and the time of year, you should expect to pay approximately $12.35 more than that for self storage in Olympia.
How much should my Olympia storage unit cost per month?
Scoring a great deal on a storage unit in Olympia has everything to do with knowing what kind of price range to expect. Storage prices can shift significantly from city-to-city, so knowing what's standard for an area can be difficult. That's why we've had our analysts at SelfStorage.com analyze all the data you might need to find a cheap unit in Olympia.
In Olympia the average monthly rental rate for a storage unit is $84.5. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $1014 a year. Now, it should be noted that that average rate is for all sizes of units in Olympia, and so should not necessarily be used as a definitive yardstick. Prices for different unit sizes are, of course, quite different from one another. In Olympia you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. Here are the average rental rates for each standard size in Olympia:
|Storage Unit Size||Average Price in Olympia, WA|
OLYMPIA SELF STORAGE: THE BOTTOM LINE
Attempting to find an incredibly-low rate on a self storage unit in Olympia, WA? The cheapest units in Olympia can be found during August within the 98502 ZIP code. The worst month to look for storage is March, the month during which prices hit their year-long peak, and be conscious of the fact that the 98513 area is costlier than other areas.