Property Value and Supermarkets

Property Value and SupermarketsAccording to a new study done by RealtyTrac, living near a Trader Joe’s store will increase your property value. This doesn’t come as a huge shock, as Trader Joe’s has been named America’s favorite supermarket for service, prices, varied offerings, and atmosphere for the third year in a row.
RealtyTrac sifted through data from more than 1.7 million homes in 188 zip codes and found that those in the same zip code as a Trader Joe’s location have seen 40 percent increase in the value of their homes since the store came to the area. Read the full study here.
Even though the closest Trader Joe’s stores are located in Centreville and Reston, the trend seems to be constant across all grocery chains. In the same study, the appreciation rate for homes nearby a Whole Foods was 34 percent.
Read the full article here.

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