Thursday, August 13, 2015

Whole Foods vs. Trader Joe's: Who's the Better Neighbor?

It seems we finally have an answer to the age old question: which grocery store should I buy next to if I want my home to appreciate, Whole Foods or Trader Joe's? 

Housing data and analytics provider, RealtyTrac, recently ran a study to figure out which zipcodes showed greater home appreciation, those near a Whole Foods or those near a Trader Joe's.  By comparing the current value of homes within these zipcodes to the price they were last purchased at, the study found that homes near a Trader Joe's showed greater appreciation (40%) than those near a Whole Foods (34%).  Homes in the Trader Joe's zipcodes also had higher average property values ($592,339) than those in Whole Foods zipcodes ($5,382), giving us no other choice than to conclude that Trader Joe's is the better neighbor. 

Just for fun, let's take a look at this on the micro-level and compare 94062 (Whole Foods Redwood City) with 94070 (Trader Joe's San Carlos). According to Zillow's home value index, from July of 2013 to July of 2015, home values in 94070 grew 32%, compared to 27% in 94062.  Admittedly, my methodology is probably a bit flawed due to the notorious inaccuracy of Zillow's home value index in the Bay Area, but hey! Maybe there's something to this (not likely). 

Make what you will of this... I've always preferred Trader Joe's anyway. 

Here's an infographic detailing RealtyTrac's study: infographic_grocery_data  

No comments:

Post a Comment