Dallas City Guide
Everything in Dallas, Texas is larger than life. Seriously. It lays claim to the tallest Ferris wheel in the country (212 feet), the tallest cowboy in the world (a 55-foot-high statue called Big Tex, the State Fair’s mascot), and 18 (out of 1,645) of the world’s billionaires. With a population of 1.3 million and a humid subtropical climate (hot and dry in the summer, mild and dry in the winter), you could do a lot worse than live in this city.
In addition to “biggest,” Dallas also boasts several firsts: The Dallas Cowboys was the first to give us sideline cheerleaders, Dallas tycoon Lamar Hunt was the guy who coined the name “Super Bowl,” and the downtown Statler Hilton was the first hotel to try to anesthetize its patrons with elevator music. And if bigger really is better, then you’re definitely going to need ample space to store your lifestyle—there are 54,009 self storage facilities in the US and 54,000 of them are in Dallas alone. Well, maybe not quite.
But rest assured, you don’t have to be a bona fide oil magnate cum cowboy to enjoy Dallas. If you’re interested in becoming a professional makeup artist (or just need to learn about alternative looks to blue eye shadow), you can take workshops at the Los Angeles-based Maquillage Makeup Academy.
If you fancy yourself a history buff, check out the Dallas County Administration Building—formerly The Texas School Book Depository Company from which Lee Harvey Oswald shot President John F. Kennedy—which houses the Sixth Floor Museum of “assassination-related exhibits.”
Or you can take the whole family to the Dallas’ annual State Fair, which showcases the biggest assortment of fried foods in Texas: fried Oreos, fried cheesecake, and fried butter. Coincidentally, the Baylor Jack and Jane Hamilton Heart and Vascular Hospital is just two miles away.
Between the fully-stocked professional makeup kit, the assassination souvenirs from the gift shop, and wheelbarrows of fried food samples, you’re going to need a safe and climate-controlled storage unit to stash all these keepsakes.
If you're searching for self storage in Dallas, there are a few things you should keep in mind. Dallas storage unit prices and availability are closely related to things like real estate prices, the type of housing available in the area, the city's wealth, and whether or not many people are moving to the area. We used US Census data on Dallas to give you a better idea of these factors.Dallas, TX Moving and Storage
If there are many people moving to or from Dallas, prices could be higher than in other cities. That's because self storage if often used as part of a home move. A city with a high amount of moving activity should see substantial changes in population, so by looking at population data for Dallas we can get a better idea of the amount of moving activity. From 2010 to 2014, the Dallas metro area population grew from 1,200,648 to 1,281,047, a growth rate of 6.7% according to the US Census.The Real Estate Climate and Self Storage in Dallas, TX
In Dallas, like any city, the real estate climate can affect the prices and availability at storage facilties in a number of ways, one of those being the cost of housing. We can get a better idea of the relative cost of Dallas storage by looking into data on local home values and rental rates provided by the US Census. Census data tells us that the median home value in Dallas is $150,000, which is lower than the average median home value among the top 100 US metros. Dallas home values grew by 4.24% between 2009 and 2013. In terms of housing affordability, the median income in Dallas is 38.9% of the median home value, making Dallas housing more affordable than most other big cities. 61% of Dallas homes are owner occupied, a lower percentage than other big cities.
At $904 per month, median rent in Dallas is higher than the average for the top 100 US cities. Between 2005 and 2013, the median rent in Dallas grew by 9.05%, a lower rate than comparable cities. In terms of rent affordability, the yearly median rent in Dallas would consume 19% of the median income. This makes Dallas more affordable than similar cities. Approximately 38% of occupied housing in Dallas is being rented out, a higher rate than comparable cities.
Another way housing may affect storage demand is in the general size of homes in that city, with areas where homes are smaller often having a greater need for extra storage space. The median number of rooms per home in Dallas is 6.5, which is higher than the average among the top 100 US metros. The median price per room in Dallas is $23,077, which is lower than average among the top US metro areas.
Housing unit occupancy can give us an idea of what the demand is like for living and storage space in Dallas. High occupancy rates can indicate a lack of housing supply in Dallas, which may correlate to a lack of storage unit inventory and thus higher rental rates for self storage in the Dallas area. According to US Census estimates, 88.7% of housing units in Dallas are occupied, while the vacancy rate is at 11.3%. The average occupancy rate in US cities is approximately 89%, which is lower than the rate in Dallas, suggesting that storage unit inventory might also be tighter in Dallas. With fewer units available, storage facilities in Dallas may charge higher prices.Economics and Storage Unit Prices in Dallas, TX
Economic indicators like local income and GDP growth can also hint at how storage prices in Dallas compare to other cities. According to the most recent US Census data, median income in Dallas is $58,356, which is higher than the average for the top 100 US metro areas. Between 2009 and 2013, median income in Dallas grew by 5.22%. 5.8% of those living in Dallas make over $200,000 a year, a higher rate than the average for the top 100 US metros. The US Census reports that Dallas's total GDP is $413,627,000,000 and its GDP per capita is $60,621. That means that Dallas's per capita GDP is higher than the average for the top 100 US metros. More educated cities are often wealthier cities. 24% of Dallas residents over the age of 18 have a high school diploma, 20% have a college degree, and 9% have a graduate or professional degree.