Home Values Higher Around Trader Joe's

September 17, 2019

Dreamstime

Categories: 

The three rules of real estate are location, location and location. Good schools, close to work and shopping are desirable and according to one study, living near a Trader Joe’s can give your property a major boost in value and a return on your investment. ATTOM Data Solutions compared the impact of living near a Trader Joe's, Whole Foods and Aldi store for nearly 2,000 zip codes nationwide. Researchers looked at current average home values, five-year home price appreciation, current average home equity, home seller profits and home flipping rates. The average home seller return on investment (ROI) for these zip codes was 37%, but living near a Trader Joe's boosted that ROI percentage to a whopping 51%. Living near a Whole Foods saw a 41% return while living near an Aldi had a 41% return. Additionally, those who own a home near a Trader Joe's own an average 37% equity in their homes, compared to the national average of 25%. Whole Foods saw 31% equity, while Aldi saw only 20%. However, if you're looking to flip a home, that's a whole other story. Properties near an Aldi location are shown to have nearly double the average gross flipping percentage rate of those near a Whole Foods or Trader Joe's. They also had a 9% higher five-year home price appreciation than Trader Joe's and a 10% higher appreciation than Whole Foods.

SOURCE: Better Homes & Gardens

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