Better to own near Trader Joe’s or Whole Foods?

Why in the world did RealtyTrac look into this?

Trader Joe’s says its employees are “traders on the culinary seas” and calls them crew members.

The RealtyTrac study says homes near a Trader Joe’s have an average of value of: $592,339.

Brazier recently sold a house to a couple who were happy to be within walking distance of Trader Joe’s at 2742 Fourth St. N. But another couple, from Texas, had their doubts while looking for a home. It will be Trader Joe’s seventh store in South Florida and the 16 in the state.

The U.S. housing market analysis firm conducted a study of U.S. ZIP codes, and found that homes near Trader’s Joe’s saw better home value appreciation over the years, although such properties also have to pay higher property taxes on average.

The average value of homes was $262,068 across all zip codes nationwide. The real question, according to RealtyTrac, is whether it is better to own property near a Trader Joe’s or a Whole Foods.

Homes near a Trader Joe’s also have a higher value on average.

Trader Joe’s aficionados spend their time praising the virtues of its specialty cheeses, while Whole Foods oppositionists swear by the grocery store’s organic chicken broth.

On the flip side, homeowners near a Trader Joe’s pay an average of $8,536 in property taxes each year, which is 59 percent more than the $5,382 average for homeowners near a Whole Foods. “People are not willing to go into the distant suburbs and, generally, Whole Foods builds more in suburban areas than in downtown kinds of areas”.

“I’m busy”, she said.