Trader Joe’s vs. Whole Foods: Which Store Boosts Your Home Value the Most?

By Claire Zilman, Fortune

Analysis shows that living near one store boosts your home value more than living near the other. There’s no doubt Trader Joe’s and Whole Foods  WFM 0.90%  go head-to-head to compete for customers, but when it comes to which store could boost your home value the most, there’s a clear winner. Housing data site RealtyTrac compared home values, appreciation, and property taxes of zip codes with a Trader Joe’s nearby to those with a Whole Foods in the area. The site found that residents with a nearby Trader Joe’s saw their home values increase 40% since their home purchase. Compare that to homeowners near a Whole Foods, who saw the value of their houses appreciate 34%, which matches the nationwide average for all zip codes. Homes near a Trader Joe’s also had a higher average value overall: $592,339—5% more than homes near a Whole Foods, which are valued at $561,840. Houses in close proximity to either store are worth quite a bit more than the average American home, valued at $262,068. But it’s not all dark chocolate peanut butter cups and jumbo cinnamon rolls for Trader Joe’s devotees — there’s a downside to living near a TJ’s, too. Homeowners with a Trader Joe’s close by pay higher property taxes on average—$8,538 annually, a whopping 59% more than homeowners with a nearby Whole Foods, who fork over $5,382 per year.

Posted on August 19, 2015 at 7:32 pm
MJ Steen | Category: Uncategorized | Tagged , , , , , , , , ,

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