Some storage seekers are able to find much cheaper rates by looking in nearby communities in addition to their own. By expanding your search into areas you might not have thought to look, you might be able to happen upon some excellent deals. This might make it more difficult to access your unit, but the extra money in your pocket every month may just be worth it. Knowing whether or not you should look in nearby cities depends on whether or not self-storage (sometimes called mini storage or public self storage) in those cities is less expensive than in Mckinney. We've gone ahead and figured that out for you.
Mckinney's average price of $74.45 a month for a unit ranks it as the 70th most expensive city for self-storage in Texas, which itself ranks as the 22nd most expensive state for storage. When searching for storage in Mckinney, expect to pay $1.42 more than Texas's average price of $73.03.
While average prices will give you a good idea of how much you should expect to spend, they don't necessarily tell us if storage is relatively affordable in that city. That's why we've developed a 'relative price' scale that takes state median income into account. Given that the average price of a storage unit in Mckinney is $74.45 and the median income in Texas is $48,902.00 a year, we can determine that a storage unit would require 1.83% of a median earner's monthly paycheck. This is a somewhat-large percentage of income compared to other cities in Texas, ranking in at the 60th percentile statewide. We have to conlude from this that storage in Mckinney is relatively expensive.
When placed on a national scale and compared to cities across the country, storage prices in Mckinney are still somewhat expensive, ranking at the 60th percentile in terms of relative expense. To put that in more concrete terms, storage in Mckinney should cost an average of $2.30 more than the national average price of 72.15.
Scoring a great deal on a storage unit in Mckinney 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. In order to help you along your storage search the analysts at SelfStorage.com have crunched the numbers and processed the data so that you can know what kind of prices to expect.
In Mckinney, storage units rent at an average of $74.45 a month. For those long-term storage seekers, that's about $893.4 per year. Note, however, that that figure is the average for all sizes taken together, and so shouldn't be used as the basis for your storage search. The price difference between the smallest units and the largest can be huge. There are six standard sizes of storage units in Mckinney, including: 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. In Mckinney, the average price for each standard size is:
|Storage Unit Size||Average Price in Mckinney, TX|
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. This seasonality, which is primarily generated by national moving patterns, hits its zenith in the late spring and early summer, and its nadir in the 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. If you're looking for a storage unit in a location with a large student population, be aware that your high season might see an even greater lift in prices than elsewhere, as students often book a large number of units during the summer.
Those looking for storage in McKinney 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. However, even though prices are less likely to change dramatically in McKinney, locking in a rate for your entire stay often allows you to bargain the total price down. The best month to go searching for storage in McKinney is April, when the average unit goes for a low $65.8 a month. The worst month, on the other hand, is October, when units hit a high of $96.17.
Finding storage is a game of numbers, and one important number is that of the amount of storage facilities in your city. More facilities bring more options, so the odds of finding the perfect unit increase as the number of facilities in your area does. So how many storage businesses are located in Mckinney?
15 storage facilities in Mckinney, TX are listed on SelfStorage.com's facility network. 15 facilities isn't a very high number for a city in Texas; in fact, it's 1 less than the 16 an average city in Texas has on offer. Compared to the rest of the cities in Texas, Mckinney ranks quite low in terms of number of facilities (52nd out of all 179 cities), with a meager 0.53% share of the total. If, instead of comparing Mckinney only to other cities in Texas, we compare it to cities across the US, we get a very differnt picture: the 9 facilities found in the average American city is actually 6 below Mckinney's count of storage businesses.
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 Mckinney to other cities in Texas. So how does Mckinney, with its population of 127,672, compare to cities with similar populations? Comparing Mckinney to other cities in the 100,000 to 250,000 population bracket, we find that Mckinney doesn't quite have as many self storage facilities as average. Other cities in that bracket average 18 facilities, while Mckinney has 3 fewer. Per capita measures seem to have corroborated our conclusion that Mckinney is in possession of few storage businesses for its size. On a self-storage facilities per-person basis, Mckinney ranks in the 31st percentile among cities across the United States. In other words, there's not exactly a ton of extra storage space for the 127,672 people living there. Among cities in Texas, Mckinney ranks in the 19th percentile for storage facilities per capita, meaning that even compared to its neighbors in Texas, Mckinney offers its population a relatively low amount of self-storage space.
We feel we should also mention the fact that Mckinney has seen large population increases in the past decade, jumping 128% from 2000 to 2010. That's 107.4% more than the 20.6% growth the state of Texas saw in total. Add that high rate of population growth to a low number of storage businesses per capita and you have a recipe for some very high levels of storage demand in Mckinney, accompanied by high prices and low availability.
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, McKinney had an average home value of $290,000 which in the past year is up 0.107%.