As if we needed more reasons to adore Trader Joe’s, it turns out living near one can significantly increase your home’s value. Housing-data site RealtyTrac compared home values, appreciation, and property taxes of zip codes with a Trader Joe’s versus a Whole Foods in the area and found everyone’s favorite budget grocer the victor.
RealtyTrac discovered that residents with a nearby Trader Joe’s saw their home values increase 40%, while homeowners near a Whole Foods saw the value of their houses appreciate 34% since purchase. Though Trader Joe’s comes out on top, close proximity to both made the average home worth more than the average American home, valued at $262,068. The drawback of this desirability is that homeowners living near a Trader Joe’s pay much higher property taxes on average each year—59% more than those living near a Whole Foods.
The price we pay for cookie butter and insanely delicious frozen apps.
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