WALMART OR TARGET WHICH IS BETTER FOR PROPERTY VALUES

Dated: 03/28/2016

Views: 474

infographic_walmart_target_final_large

 

Chances are most homeowners are frequent visitors to their neighborhood Walmart or Target, more often than their bank account would like. One minute they walk in to get a small household item and the next thing they know their cart is full and their wallet empty. But which store is better for finances when it comes to owning a home? For this analysis, RealtyTrac decided to take a look at home values, appreciation and property taxes in U.S. zip codes with a Walmart or a Target to determine which superstore gives homeowners super returns.

What we found is 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.
 
Here are the details:

  1. Among homeowners who sold in 2015, those near a Target saw an average 27 percent increase in home price since they purchased their home, which equates to an average price gain of $65,569, compared to 16 percent appreciation and an average price gain of $24,900 for homeowners near a Walmart.

  2. Average appreciation for all zip codes nationwide is 22 percent, while the average price gain is $40,626.

  3. Homes near a Target also have a higher value on average: $307,286, 72 percent more than the $178,249 average value for homes near a Walmart.

  4. The average value of homes was $215,921 across all zip codes nationwide.

  5. Homeowners near a Target paid an average of $7,001 in property taxes, 123 percent more than the $3,146 average for homeowners near a Walmart.

  6. The average property tax across all zip codes nationwide was $4,283.

     

    Source 

#havasucharles                 #theAteam              #livebytarget


Want to Advertise on this Site?

Latest Blog Posts

Barbeque Come On Down And Have Some Food And Fun

                                                      

Read More

Should You Rent Or Should You Buy

Zillow recently released their annual Buy-Rent Breakeven Horizon Study.   Basically, the study calculates how much time it takes for buying a home to make more financial sense than renting

Read More

Ben Hicks Yoga

Tucked away on main street there is a door that leads to a magical place of zen and uncomfortable positions. Of course what I am talking about is Ben Hicks Yoga. This yoga place offers amazing yoga

Read More

Trust Me You Need A Casita

Why do you need a casita? Buying a home with a casita makes excellent sense in terms of both property value and convenience. With a variety of different uses, casitas can serve as:Mother-in

Read More