Homes near an Aldi grocery store realized an average five-year home price appreciation of 41 percent, according to ATTOM Data Solutions’ annual Grocery Store Wars analysis, which was released just before Christmas. Trader Joe’s (35%) and Whole Foods (33%) were close behind.
The study shows how living near a Trader Joe’s, Whole Foods or an Aldi might affect a home’s value. The five-year home price appreciation period was from YTD (Q1-Q3) 2020 versus the same period in 2015.
As far as home values, Trader Joe’s led the pack, as the average value of a home near a Trader Joe’s was $644,558, and a homeowner’s average equity stake in his/her property was 37 percent. Whole Foods was next ($532,224 and 33%), followed by Aldi ($250,850 and 26%).
For investors looking to flip homes, properties near an Aldi showed an average gross flipping ROI of 58 percent, followed by Whole Foods (36%) and Trader Joe’s (30%).