Living Near a Trader Joe’s Increases The Value Of Your Home

A new study by ATTOM Data Solutions reveals that homeowners living near a Trader Joe’s have seen their home price appreciate by 67% over the past five years.

While overall home prices in the United States have only increased by an average of 29%.

In comparison, homes prices near a Whole Foods have risen 52%, and those with an Aldi’s nearby saw a 51% appreciation.

“The disparity in home values and price appreciation for homes located near each of these three grocery stores is really a reflection of the types of neighborhoods that each grocery store chain is targeting,” Daren Blomquist, senior vice president of Attom Data Solutions, told Huffington Post.

The reason Trader Joe’s is currently beating the other store in the study is likely because the store are in areas recovering from a significant housing bubble – like California. Blomquist points out that 47% of Trader Joe’s are located in California, compared to Whole Foods 24%.

“If you are looking to live in a home and use it to build home equity wealth over the long term, you are most likely going to be best off buying near a Trader Joe’s. If you are looking to flip homes for a profit or buy rentals that provide good monthly cash flow, you’re best buy will be in a neighborhood with an Aldi,” advises Blomquist.

Good strategy.

 

 

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