Buying a home? Pay attention to which grocery stores are nearby

Buying a home? Pay attention to which grocery stores are nearby

The real estate adage of “location, location, location” could be changed to “Trader Joe’s, Trader Joe’s, Trader Joe’s,” if recent analysis is any indication. A report by ATTOM Data looked at how home values were affected by proximity to different grocery stores, and the results are eye-opening.

It turns out that if Trader Joe’s is nearby, your house might be worth more than if it were close to other grocery chains. The average return on investment (ROI) for Trader Joe’s-adjacent homes is 51%, 10 percentage points more than the runner-up, Whole Foods (41%), and almost 20 percentage points more than Aldi (34%).

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Article Provided by: The Inquirer