Are Homes Near Whole Foods And Trader Joe's More Valuable?

Posted by John Sabia on Tuesday, November 8th, 2016 at 3:40pm.

photo of Trader Joe's

There are many factors to consider when assessing the value of a residential property. Besides the home itself, outside factors may include but not limited to the school district, closeness to recreational parks, easy access to major highways and public transporation, etc. 

But one factor that may surprise you, according to an analysis by Zillow, is closeness to an upscale grocery like Trader Joe's and Whole Foods. While Fresh Market was not mentioned in the analysis, I'm sure the same holds true. The analysis found that homes in neighborhoods within a mile or so from the high-end grocery stores appreciated in value much quicker than homes located further away. 

"Between 1997 and 2014, homes near the two grocery chains were consistently worth more than the median U.S. home. By the end of 2014, homes within a mile of either store were worth more than twice as much as the median home in the rest of the country."

You can read the full article here.

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John Sabia

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