Want Retailers as Facility Customers? Become a Master at Networking - Gaining retailers as customers for your self-storage facility depends a lot on your networking abilities. National retail chains typically see a crush of customer traffic around the holidays and may... Read more.
Dallas, of the Big D, is big, bold, and brash--or so goes its reputation. In reality, downtown Dallas is a corporate center that grows somewhat quiet at night, while veryone heads home to the suburbs. The city suffers from famous sprawl and a notorious lack of cultural activities for its size, but both of these are changing fast, as apartment buildings continue to sprout around the urban core and neighborhoods like Deep Ellum see a cultural revival. The city has made it its mission in recent years to put more money into its parks and public transportation (including a light rail system) in order to better tie Dallas together. These days, Dallas is more dynamic than ever. If you're searching for storage in Dallas, you probably know all of this. But were you aware which month you should avoid booking a storage unit in?
As storage prices are closely tied to local real estate prices, it makes sense that rental rates can often differ substantially even in neighboring cities. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. The longer trip to the facility could easily be worth the monthly savings, particularly if you only plan on accessing your unit occassionally. But on the other hand, if we can show that self-storage (commonly known as mini storage or public self storage) is cheaper in Dallas than its surroundings, there's no reason to waste time looking elsewhere.
An average price of $81.97 a month for a storage unit makes Dallas the 52nd most expensive city in Texas for self-storage, while Texas itself is the 22nd most expensive state. To give you a better idea of what this means, Dallas's average price is $8.94 more than the state average of $73.03.
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. 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 Dallas will on average cost 2.01% of a median earner's monthly income, given that the yearly median income in Texas is $48,902.00. When we compare this storage price as a percent of income to other cities in Texas, we find that it ranks in the 71st percentile, making it a fairly expensive place to rent storage.
When placed on a national scale and compared to cities across the country, storage prices in Dallas are still somewhat expensive, ranking at the 68th percentile in terms of relative expense. Expect to pay $9.82 more than the national average of $72.15 when searching for self storage in Dallas.
Scoring a great deal on a storage unit in Dallas has everything to do with knowing what kind of price range to expect. 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 Dallas that you might need.
Rental rates average $81.97 a month for a storage unit in Dallas. Over the period of a year, that would cost approximately $983.64, in case you're thinking of renting for a longer period of time. This average does encompass all storage unit sizes, so it should be taken with a large grain of salt. Different sizes of units can go for hundreds of dollars more or less than others, even in the same city. In Dallas you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. The following are the average prices for each size:
|Storage Unit Size||Average Price in Dallas, TX|
The demand for storage being as highly seasonal as it is, moving between highs and lows throughout the year, the season you decide to book a unit during can have as much affect on the price you pay as any other factor. 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. 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. Seasonal prices are often even more extreme in college towns, where students book a large number of self storage units during their summer vacation.
Those looking for storage in Dallas shouldn't have to worry as much about seasonal prices swings, as according to our data these swings are much less extreme here 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. The best month to go searching for storage in Dallas is May, when the average unit goes for a low $51.6 a month. The worst month, on the other hand, is February, when units hit a high of $83.8.
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. When it comes to the number of facilities operating in Dallas, how many options are available?
Based on our data, we estimate that there are about 123 storage facilities doing business in the Dallas, TX area. How does that number compare to other communities? It's a full 107 facilities more than the average city in Texas, where there are an average 16 facilities in each city. This ranks Dallas as the 4th largest storage market out of 179 Texas cities in terms of number of facilities, making up 4.28% of the state's total. Even by national standards, Dallas boasts a large number of facilities, 114 more than the national average of 9 facilities in each city.
But how does Dallas compare to the rest of Texas and the nation on a per capita basis? After all, not controlling for population makes most city comparisons obsolete. Are the 123 storage facilities providing the 1,299,542 people living in Dallas with enough storage space? On average, cities with populations of 1,000,000 and above have 50 storage businesses listed on our self-storage network. That's 73 fewer than Dallas's 123. In other words, it's pretty clear that Dallas offers a great amount of storage space for its size. But does Dallas's relationship to other cities in the 1,000,000 and above bracket prove that it has a relative surplus of self-storage facilities for the population, or would a different measure be more relevant? As it turns out, per capita data seems to have repudiated the importance of those figures. Compared to other cities listed on our national network, Dallas place in the 24th percentile for storage businesses per person. This clearly shows that 123 is a low number of facilities for a city of 1,299,542, meaning that finding the storage unit you need could be more challenging in Dallas than it is elsewhere. Just as Dallas offers little storage space per person on a national scale, the same goes when we compare the city to others in its state, where it only ranks in the 12th percentile for facilities per capita.
In discussing facilities per capita, we also feel that we should mention the fact that though Dallas's population is growing, the rest of Texas is growing more. Dallas's population saw a 9.1% increase in the first decade of this century, 11.5% less than the 20.6% increase the whole state of Texas experienced. Recall, however, that Dallas also had a low number of storage facilities per person for its state, so while there might not be as much demand generated by inbound migration, demand may already be high due to its short supply.
Certain areas of Dallas can be significantly cheaper or more expensive for storage than others. Searching for storage in the 75217 ZIP code should yield the cheapest rental rates, as units there average $65.87 a month, lower than anywhere else in Dallas. The most pricey part of town to rent storage in is the 75240 ZIP code, where rates average $195.51 per month.
Are you trying to find an outstandingly cheap self storage unit in Dallas, TX? May is the best month to search for storage, and the best place to look for cheap storage is the 75217 ZIP code. The worst time to search for storage is during February, when storage prices climb the highest, and be cognizant of the fact that the 75240 area is the most expensive part of town for storage.
Dallas, TX self storage typically costs between $29 and $239 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 Dallas is $249,900.