Live Near A Trader Joe's? Lucky You!

A new survey of residential real estate values shows living near a Trader Joe’s or Whole Foods increases the value of your property at least 10 percent.

Zillow, a company that tracks real estate values down to a granular level, says between 1997 and 2014, homes near either of the two alternative grocery stores were consistently worth more than the median U.S. home.

Zillow says that by the end of 2014, homes within a mile of either store were worth more than twice as much as the median home in the rest of the country.

Zillow calls it similiar to the Starbucks effect.

No comment, as yet, from Two Buck Chuck.

-image of Trader Joes at Tanasbourne Village shopping center in Hillsboro, Oregon via M.O. Stevens, licensed under the Creative Commons Attribution-Share Alike 4.0 International license.