The fourth-most populous city in the Dallas-Fort Worth Metroplex, Plano often feels like a superstar suburb, mixing suburban housing developments that could be found anywhere else in America with shiny business parks that house the headquarters of such huge names as Cinemark Theaters, Dr. Pepper, Frito-Lay, Ericsson, J.C. Penny, Pizza Hut, and Rent-A-Center. Indeed, the US Census Bureau named Plano the wealthiest city with a population greater than 250,000 by median income. Plano's cultural life revolves around high school football, and its three high schools (Plano, Plano East, and Plano West, all 5A) are regular contenders for the State Championship. Sure, you may be well aware of all of that if you're searching for storage in Plano, but do you know the average price of a storage unit?
Just as home prices will differ from neighborhood to neighborhood in Plano, so will self-storage rates. The best prices on storage in Plano can be found in the 75094 ZIP code. Units there average $125.42 a month. Storage is costliest in the 75093 ZIP code, where you should expect to pay about $454.55 a month for a unit.
You'll have a tough time telling a good deal on storage in Plano from a great one if you don't know what storage in Plano normally costs. Since unit prices can change dramatically from one city to the next, the only real measure you have is other facilities in the immediate area. That's why, in order to make sure you go into your storage search as well-informed as possible, we've gone ahead and gathered the data for you.
The average price of a self storage unit in Plano is $66 a month. If your storage needs are of a longer term, remember that at those rates you'll be paying approximately $792 a year. Now, it should be noted that that average rate is for all sizes of units in Plano, and so should not necessarily be used as a definitive yardstick. The price you end up paying will depend on the size of the unit you decide to book. In Plano you'll have the option of booking six standard storage unit sizes, such as 5x5, 5x10, 10x10, 10x15, 10x20, and 10x30. For each standard size, here's how much you might expect to pay per month in Plano:
|Storage Unit Size||Average Price in Plano, TX|
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. Peaking in May through September, when most people in the United States move, and dropping to their lowest in October through March, when far fewer people move homes, storage prices and closely linked to moving patterns. 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. University towns often see the sharpest seasonal spikes, as college students rent a significant number of storage units when they go home during their summer break. Smaller sized units in particular will see a rise in price during this period.
Plano is not as affected by seasonality as other cities, with storage prices experiencing smaller price fluctuations than elsewhere. Despite the fact that seasonal price changes are less of a risk in Plano, 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. Your chances of getting a low price on a storage unit in Plano are highest during January, when the average rental rate drops to a low $66. Your chances are lowest during February, which with an average price of $145.6 is the most expensive time to book a unit.
Successfully booking the storage unit you're looking for will have much to do with the number of self storage businesses in your city, as the more facilities there are the more options you'll have available. So are there a large or small number of storage businesses operating in Plano?
According to our numbers, there are 23 total storage facilities in Plano, TX. On average, cities in Texas have 16 facilities listed on our network, 7 less than Plano. This leads us to conclude that Plano has a somewhat-high number of facilities for being a city in Texas. It should come as no surprise then that Plano has the 26th-highest count of facilities out of all 179 cities on our network in Texas, acting as home to 0.8% of facilities in Texas. Outside of Texas, Plano still has a sizeable supply of storage facilities, 14 more than the 9 that other cities across the nation average.
'But what about self storage facilities per capita?', you might be thinking. Comparing Plano to other cities in Texas irrespective of population does, indeed, make little sense. So how does Plano, with its population of 273,613, compare to cities with similar populations? Comparing Plano with other cities in its 250,000 to 1,000,000 population group shows us that Plano has significantly fewer self-storage facilities for its size relative to these other cities. With an average of 49 facilities per city, Plano is an average 26 behind those in the 250,000 to 1,000,000 group, with substantially-less storage space. We've further corroborated Plano's relative lack of storage space by examining its per capita count of facilities. The 273,613 people who call Plano home have access to only 23 storage businesses, which puts the city in the 21st percentile for facilities per capita among US cities. That clearly indicates a very low level of storage coverage for a city its size. If we restrict our scope down to the state level, we get similar results: for cities in Texas, Plano only ranks in the 10th percentile, meaning that Plano has little per capita storage space even compared to other cities in its state.
We can't feel satisfied concluding our look at facilities per capita without mentioning the fact that Plano is seeing some major population growth. The city saw 22% more people move there from 2000-2010, a whole 1.4% more growth than the 20.6% Texas in total saw. But of course, a surging population isn't the only reason to think that storage in Plano might be in high demand: combine that with a low number of facilities per person and you've got a recipe for a red-hot storage market.
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. The more expansive your search, the more facilities you'll be able to compare, and the more options you'll have. The sum you'll save each month could totally be worth the extra drive, especially if you'll only need to visit your unit on the rare occasion. If the average price of self storage (which includes facilities called mini storage or public self storage) is higher in Plano, then you'll definitely want to expand your search. So is it?
An average price of $66 a month for a storage unit makes Plano the 84th 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, Plano's average price is $7.03 less 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. In Texas, the median income is $48,902.00 a year, which would make the average $66 unit in Plano cost 1.62% of a median earner's monthly income. This is a somewhat-large percentage of income compared to other cities in Texas, ranking in at the 52nd percentile statewide. We have to conlude from this that storage in Plano is relatively expensive.
On the other hand, storage in Plano is relatively cheap on the national scale, ranking at the 50th percentile nationwide. 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 $6.15 less than that for self storage in Plano.
Trying to book a super-low price on a self storage unit in Plano, TX? You can find the best prices on storage in January within the 75094 ZIP code. The absolute worst time to look for storage is February, when unit prices reach their year-long summit, and be aware that the 75093 area is the most expensive part of town for storage.
Plano, TX self storage typically costs between $48 and $199 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, Plano had an average home value of $289,900 which in the past year is up 0.032%.