New Meaning to “Market” Value?
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ATTOM released its grocery store report, looking at appreciation and home value over a five-year period, focusing on homes near Trader Joe’s, Whole Foods, or Aldi. They found that home flippers enjoyed the highest five-year ROI for homes near Aldi stores (54% vs. 28% for Whole Foods and 25% for Trader Joe’s). Homes near Trader Joe’s and Whole Foods had the highest average values, and homes near Aldi experienced the biggest jump in appreciation. |
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Our take |
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When it comes to investing, it’s good to have all of the possible information in front of you. This shows us an angle to home valuations that many people probably wouldn’t consider or even know about! There are a lot of factors that affect a home’s value, and having a good grocery store nearby can definitely be one of those factors. |
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