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August 24, 2015

Trader Joe's helps boost home values

IRVINE, Calif. — If you're deciding whether to buy a house near Whole Foods Market or Trader Joe's, RealtyTrac recommends Trader Joe's.

A study by the Irvine, California-based housing data and analytics company found that houses near Trader Joe's locations appreciate faster than those near a Whole Foods.

Homeowners near Trader Joe's have seen their houses increase 40 percent on average since they bought them, while houses near Whole Foods increased 34 percent since they were purchased.

Houses near Trader Joe's are valued higher as well: $592,339 on average, versus $561,840 for houses near Whole Foods.

With higher value comes higher property taxes. RealtyTrac reports homeowners near Trader Joe's locations pay an average of $8,536 annually in property taxes versus $5,382 for houses near a Whole Foods.

For the study, RealtyTrac looked at 2.3 million houses, condos and co-ops near Trader Joe's location and 1.7 million housing units near a Whole Foods store.

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