Surprising Link Between Home Values And Presence Of Target Stores In Neighborhoods
- 8 years ago
A new RealtyTrac report has found that homes near a Target tend to appreciate more and have a higher value on average than those located near a Walmart.
Walmart and Target are two of the most popular big-box stores, but they may have different effects on the housing prices around them, according to a new report.
As RealtyTrac states in a news release, it has found that “homeowners near a Target have experienced better home value appreciation since their purchase, but also pay more and have higher property taxes on average.”
Properties sold in 2015 appreciated by 27 percent on average from the purchase amount when located near a Target compared to just 16 percent for
Walmart and Target are two of the most popular big-box stores, but they may have different effects on the housing prices around them, according to a new report.
As RealtyTrac states in a news release, it has found that “homeowners near a Target have experienced better home value appreciation since their purchase, but also pay more and have higher property taxes on average.”
Properties sold in 2015 appreciated by 27 percent on average from the purchase amount when located near a Target compared to just 16 percent for