WALMART OR TARGET WHICH IS BETTER FOR PROPERTY VALUES

Dated: 03/28/2016

Views: 497

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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


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