Those hoping to watch their home’s value soar might want to live near this grocery store.
Homeowners who lived closest to an Aldi, a German chain of discount supermarkets, saw the greatest home appreciation, according to a recent report from real estate data firm ATTOM. Home values jumped 58% for homeowners near an Aldi compared with 49% for those not far from a Trader Joe’s and 45% for those close to a Whole Foods.
“Having a grocery store nearby, particularly a store with a brand that resonates with the homebuyer, is definitely a plus, and one of the conveniences that can differentiate one home or one neighborhood from another,” says Rick Sharga, executive vice president of market intelligence at ATTOM.
“There’s also probably a psychological factor involved. Buying a very expensive home located near discount retailers and grocery stores may be offsetting to prospective buyers, while budget-conscious buyers may worry about cost-of-living issues if they purchase a lower-priced home surrounded by luxe retailers.”