Several months ago we told you that houses that were near a Starbuck's were far more likely to be worth more than those that weren't, according to a national survey of property records by Zillow.
Houses near Trader Joe's gain value faster than those near Whole Foods
If you own a house near a Trader Joe's you'll also pay higher property taxes.
August 11, 2015 at 8:21PM
RealtyTrac has its own analysis that looks at how proximity to a Whole Foods or Trader Joe's impacts home values. Here's what they found:
- Homeowners near a Trader Joe's have seen an average 40 percent increase in home value since they purchased, compared to 34 percent appreciation for homeowners near a Whole Foods - the same appreciation for all zip codes nationwide.
- Houses near a Trader Joe's also tend to have a higher value on average: $592,339, that's five percent more than the $561,840 average value for homes near a Whole Foods. The average value across all zip codes nationwide of homes was $262,068.
- Homeowners near a Trader Joe's pay an average of $8,536 in property taxes each year, 59 percent more than the $5,382 average for homeowners near a Whole Foods. The average property tax across all zip codes nationwide was $3,239.
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