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Does Living Near a Specific Grocery Store Impact a Home’s Value?

By: Kelly Leighton on in

Trader Joe’s, Whole Foods or Aldi?

While you may have a preference for your grocery store, even driving slightly out of the way to go to that certain one, what does the one closest to your home mean for your property’s value? The answer may surprise you. ATTOM Data Solutions found that for return on investment, living near a Trader Joe’s is best for homebuyers, while homes near an ALDI lead for investors.

For homebuyers, the average 5-year home appreciation for properties near an ALDI was 41%, followed by Trader Joe’s at 35% and Whole Foods at 33%. Despite homes near an ALDI having a higher home appreciation rate, homes near Trader Joe’s had the highest in average home values at $644,558 and the most equity at 37% or $255,066, making Trader Joe’s the best bet for buyers. Homeowners near an ALDI had 26% equity, or $71,204, while homeowners near a Whole Foods had 33% equity or $191,380. The average price of a home near Whole Foods was $532,224, while the cost was $250,850 on average for homes near an ALDI.

However, the return on investment for homes near an ALDI was the highest. With a gross flipping average of 58%, homes near an ALDI led homes close by a Whole Foods by 22% and homes near a Trader Joe’s by 28%.

For the analysis, the report considered current average home values, 5-year home price appreciation from 2020 vs. 2015, current average home equity, homeseller profits and home flipping rates in U.S. zip codes with a least one Whole Foods store, one Trader Joe’s store and one ALDI store.

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