IRVINE, CA -- A new ATTOM
Data analysis shows that prospective homebuyers are better off buying near a
Trader Joe’s than a Whole Foods or an ALDI — although homes near Whole Foods
have seen home price appreciation more closely on par with those near Trader
Joe’s possibly thanks to the Amazon acquisition of the high-end grocery chain.
But for real estate
investors looking for the best home flipping or rental returns, targeting
neighborhoods around the discount German-owned grocer ALDI is the best
strategy, according to the analysis.
Here are the details:
· Homeowners near a Trader Joe’s have
seen an average 5-year home price appreciation of 67 percent, compared to 52
percent appreciation for homeowners near a Whole Foods and 51 percent near an
ALDI.
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o Average appreciation for all zip codes with
these grocery stores nationwide is 54 percent.
·
Homeowners near a Trader Joe’s also have added equity, owning an average
36 percent equity in their homes ($232,439), while homeowners near Whole Foods
had an average of 31 percent equity ($187,925) and homeowners near ALDI had
average 18 percent equity ($46,352).
o The average equity for all zip codes with
these grocery stores nationwide is 24 percent.
· Flip the tables and properties near an
ALDI are an investor’s golden goose with an average gross flipping ROI of 69
percent, compared to properties near a Whole Foods which had an average gross
flipping ROI of 41 percent and Trader Joe’s at 36 percent.
o The average gross flipping ROI for all zip
codes with these grocery stores nationwide is 57 percent.
· Not to mention properties near an ALDI
had an average gross rental yield of 10 percent, compared to properties near a
Whole Foods with an average gross rental yield of 6 percent and Trader Joe’s at
5 percent.
· The average flipping ROI for all zip codes with these
grocery stores nationwide is 8 percent.
For a complete copy of the company’s news release,
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