Everyone knows that our strong school system keeps property values high.
But who knew Trader Joe’s does the same?
According to the Huffington Post, a recent study found that 2 years after a Trader Joe’s opens, the median home within a mile of that store increased in value 10 percent more than others in the same town.
One economic engine…
Homes within a mile of a Whole Foods also gain value faster than others in the surrounding area.
…and another.
That’s not only good news for Westport — where we enjoy both a Trader Joe’s and Whole Foods.
It’s also a solution to the teardown battles. Instead of building big new homes everywhere in town, we just need to erect more Trader Joe’s and Whole Foodses!
(Hat tip: Johanna Rossi)