Changing seasonal demand often causes storage prices to swing between highs and lows during different parts of the year. 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. The day after Memorial Day (which those in the moving and storage industries often refer to as 'Crazy Tuesday') is typically seen as the start of the high season and is frequently the most expensive day to rent storage during that season. In addition to families moving between homes, college students renting storage for the summer also contribute to demand during the high season, particularly in college towns.
Balch Springs is not as affected by seasonality as other cities, with storage prices experiencing smaller price fluctuations than elsewhere. If you'd still like to play it safe, which of course is always a good idea, one way to guard against seasonal price changes is by setting up an agreement with the facility to pay a single rate for your entire rental period. March is the least expensive month for storage in Balch Springs, with an average price of $25 for a storage unit. October is the most expensive month, when storage goes for an average rate of $80.
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. Storage facilities just on the periphery of your current search might have some great rental rates, and you'll only find them if you search a little more broadly. To some, the greater distance to the facility is worth the greater savings. We've had our analysts go over the data on self-storage (sometimes known as public self storage or mini storage) in Balch Springs to see how it compares with other cities in its state.
An average price of $44 a month for a storage unit makes Balch Springs the 150th most expensive city in Texas for self-storage, while Texas itself is the 22nd most expensive state. In more exact terms, storage in Balch Springs costs an average of $29.03 less than the average storage unit in Texas, which goes for 73.03.
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. A storage unit in Balch Springs will on average cost 1.08% of a median earner's monthly income, given that the yearly median income in Texas is $48,902.00. As a percentage of income this is actually a very cheap price to pay for a storage unit. Indeed, when compared to other cities in Texas, the relative price of storage in Balch Springs ranks at the 15th percentile.
In addition, storage in Balch Springs is also very cheap on the national scale, ranking at the 19th percentile compared to other cities across the nation. To put that in more concrete terms, storage in Balch Springs should cost an average of $28.15 less than the national average price of 72.15.
When it comes to finding self-storage, the more really is the merrier: more storage businesses in your area means more unit options available, and more options mean a greater chance you'll be able to choose a unit that satisfies your storage needs. About how many storage facilties are serving the Balch Springs area?
In total, 2 Balch Springs storage businesses have listed themselves on our self-storage facility network. How does Balch Springs compare to other cities in Texas in terms of number of facilities? Not well at all: the average city in the state has 16 listed facilities, a significant 14 more than Balch Springs's 2 facilties. To put it into a different perspective, that's just barely 0.07% of the facilities in Texas, ranking it as the 162nd largest out of 179 Texas cities in terms of number of storage businesses. Balch Springs also has a below-average number of facilities when compared to cities on the national scale, where it's 7 below the national average of 9 storage facilities.
But making comparisons between any cities, whether it be comparing Balch Springs to its neighbors in Texas or on a national scale, isn't a very fruitful excercise when we ignore a city's population. So how does Balch Springs, with its population of 20,258, compare to cities with similar populations? For its 10,000 to 25,000 population bracket, Balch Springs comes a bit under the mark in terms of number of self-storage facilities. Cities in this bracket average 6 facilities, 4 more than what can be found in Balch Springs. One might point out that comparing Balch Springs to cities of a similar size doesn't prove its lack of storage for the size of the population, and that a better measure would be actually looking at its facilities per capita. Well, we have, and it has firmly affirmed our former results. Balch Springs's 2 self-storage facilities for its 20,258 residents ranks it in the 26th percentile for storage facilities per capita among cities across the country. That low rank means that there isn't as much storage space for each person in Balch Springs as there is in most other cities. Even if we restrict our scope of comparison to the state level, Balch Springs doesn't seem to offer its population as much storage space as other cities do, attaining a low rank in the 14th percentile for facilities per capita among cities in Texas.
We feel we should also mention the fact that Balch Springs has seen moderate population increases in the past decade, jumping 3.5% from 2000 to 2010. That's not an inconsequential increase, however it is 17.1% less than the 20.6% growth the state of Texas saw in total. But even if Balch Springs isn't seeing a precipitous rise in population, remember that it still does have relatively few storage businesses for its current population.
It's impossible to know what a good deal on storage is if you don't know what kind of prices to expect in Balch Springs. Your past experiences booking storage in other cities will be of little help here, as the average price of a storage unit in one city could be $100 higher than the next. But there's no need to worry: we here at SelfStorage.com have all the data to help you go into your storage search well-informed.
In Balch Springs, storage units rent at an average of $44 a month. If you have long term storage needs, keep in mind that that's an average price of $528 a year. However, it's important to note that this is the average for all storage unit sizes. The actual price will largely depend upon the size of unit you're looking for. The standard sizes of storage available in Balch Springs include 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The average prices for each are:
|Storage Unit Size||Average Price in Balch Springs, TX|
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, Balch Springs had an average home value of $86,900 which in the past year is up 0.339%.