December 19, 2024 10:00 am
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Study examines grocery store impact on housing market

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Trader Joe’s takes the gold for homebuyers and ALDI triumphs with investors; Average home values near Trader Joe’s is $608,305, compared to $521,142 near Whole Foods and $222,809 near ALDI

ATTOM Data Solutions

ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its 2019 Grocery Store Battle analysis, which examines whether living near a Trader Joe’s, a Whole Foods or an ALDI can affect a home’s value – as a homebuyer based on seller ROI and home equity, or as an investor looking for the best home flipping returns and home price appreciation.

For this analysis, ATTOM looked at current average home values, 5-year home price appreciation from YTD 2019 vs. YTD 2014, current average home equity, home seller profits, and home flipping rates on 1,859 zip codes nationwide with a least one Whole Foods store, one Trader Joe’s store and one ALDI store. (See full methodology enclosed below.)

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