Much like real estate values, storage prices can be totally different on one side of a city as they are on another. This should be of little surprise given storage's conection to the real estate industry. 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. 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 Cedar Hill than its surroundings? We asked the analysts at SelfStorage.com to find out.
With its average price of $47 a month for a unit, Cedar Hill is the 142nd most expensive city for self-storage in the state of Texas, which itself is the 22nd most-expensive state for storage. When searching for storage in Cedar Hill, expect to pay $26.03 less than Texas's average price of $73.03.
An average price alone, however, doesn't tell you if storage is or isn't more affordable in one city versus another, as the cost of living will also be different. To give you a better idea of affordability, we've created a 'relative price' scale that estimates how expensive storage is for median income earners in that state. Given that the average price of a storage unit in Cedar Hill is $47 and the median income in Texas is $48,902.00 a year, we can determine that a storage unit would require 1.15% of a median earner's monthly paycheck. This is actually a very small percentage of monthly income to spend on a storage unit in Texas. Compared to other cities in the state, it ranks at the 19th percentile, making storage here very cheap.
The same holds true on a national scale, where storage in Cedar Hill is comparatively very cheap, ranking at the 23rd percentile among cities nationwide. To put that in more concrete terms, storage in Cedar Hill should cost an average of $25.15 less than the national average price of 72.15.
The more facilities there are in the area you're searching, the more options you'll have. About how many storage facilties are serving the Cedar Hill area?
SelfStorage.com has 6 storage facilties in Cedar Hill, TX listed on its network. How does 6 storage facilities compare with the number on offer in other cities in Texas? It's relatively low, 10 lower than the average 16 on offer in other cities in Texas, to be more precise. Cedar Hill accounts for only 0.21% of facilities in Texas, ranking as the 102nd largest storage market out of all 179 cities in the state. Cedar Hill also has a below-average number of storage facilities when placed in comparison with cities nationwide. Its 6 facilities are 3 fewer than the 9 that can be found in the average American city.
On the other hand, comparing the total number of storage facilities in one city to another irrespective of the number of people that live in each city makes little sense, even when we're comparing Cedar Hill to other cities in Texas. So how does Cedar Hill, with its population of 45,318, compare to cities with similar populations? For its 25,000 to 50,000 population bracket, Cedar Hill comes a bit under the mark in terms of number of self-storage facilities. Cities in this bracket average 7 facilities, 1 more than what can be found in Cedar Hill. Per capita measures seem to have affirmed our conclusion that Cedar Hill is in possession of few storage businesses for its size. When compared with cities nationwide, Cedar Hill ranks in the 35th percentile for storage facilities per inhabitant, which means that, comparatively, Cedar Hill is somewhat-low on storage space for its 45,318 residents. If we restrict our scope down to the state level, we get similar results: for cities in Texas, Cedar Hill only ranks in the 23rd percentile, meaning that Cedar Hill has little per capita storage space even compared to other cities in its state.
We feel we should also mention the fact that Cedar Hill has seen large population increases in the past decade, jumping 38.3% from 2000 to 2010. That's 17.7% more than the 20.6% growth the state of Texas saw in total. Demand for self-storage in Cedar Hill could be pushed even higher due to the fact that, in addition to its growth spurt, it has a low level of facilities per capita.
How can you hunt for a cheap storage unit if you don't know how much one in Cedar Hill should cost? 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. There's no need to fret, however, as our analysts have gone through the data and have all the statistics on storage in Cedar Hill that you might need.
In Cedar Hill the average monthly rental rate for a storage unit is $47. Over the period of a year, that would cost approximately $564, in case you're thinking of renting for a longer period of time. However, it's important to note that this is the average for all storage unit sizes. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. The standard sizes of storage available in Cedar Hill include 5x10, 10x10, 10x15, and 10x20. The average prices for each size of storage unit found in Cedar Hill are:
|Storage Unit Size||Average Price in Cedar Hill, TX|
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. The high season comes into full swing on the day after Memorial Day, which is such a popular time to rent storage that those in the industry have taken to calling it 'Crazy Tuesday.' Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
The price difference between high and low seasons in Cedar Hill is minimal, which means you shouldn't have to worry about huge rate changes from one season to the next. Despite the low level of seasonality, those looking for a self storage unit may still want to lock in their price at the time of booking. You're most likely to get a good deal on a storage unit in Cedar Hill during the month of February, when the average price is at its lowest, $43 a month. You're least likely to get a good deal in October, when the average price is a high $77.43.
Cedar Hill self storage typically costs between $55 and $151 a month. Storage is currently in stock.
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 Cedar Hill is $142,000.