According to a recent assessment by the real estate site Zillow, homes within a one-mile radius of a Trader Joe’s or Whole Foods grocery store experience a faster growth in value.
Home values can be influenced by many factors and having a specific store nearby appears to be one of them.
A recent assessment by the real estate site Zillow has found that the presence of a Trader Joe’s or Whole Foods nearby boosts home values more quickly.
The above-average trend was observed in the years between 1997 and 2014, and by the end of this period, properties within a one-mile radius of either of these stores were worth at least double the national median.
In fact, re