Does a nearby Trader Joe’s boost your home’s value?

Posted by on Monday, August 31st, 2015 at 4:31pm

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Here's some welcome news for homeowners living near Trader Joe's: You're probably experiencing better home values.

That's according to a RealtyTrac report released Tuesday. The real estate information firm analyzed home values, appreciation and property taxes in ZIP codes that have either a Trader Joe's or Whole Foods location to find out which of the 2 chains is better for homeowners.

© Eve Edelheit/ZUMA Press/Corbis


Higher appreciation and taxes

"What we found is that homeowners near a Trader Joe's have experienced better home value appreciation since their purchase," Jennifer von Pohlmann, RealtyTrac spokeswoman, says in a post on the company's website. These lucky owners also pay more in property taxes on average: 59% more.

The analysis also found:

  • Home values have appreciated by 40% on average for homeowners living near Trader Joe's, compared with 34% for those near a Whole Foods.
  • The average value for homes near Trader Joe's is $592,339, while homes near Whole Foods are worth $561,840 -- a 5% difference.
  • The average home value across all ZIP codes analyzed is $262,068.
  • The average property tax across all ZIPs is $3,239.

Check out this infographic that highlights RealtyTrac's findings.

Have you seen a bump in your home value because 1 of these 2 grocery chains has made its way into your community?

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