Minneapolis & the western suburbs
Stieg Strand
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Starbucks mere presence increases home values?

Here’s a hot home-buying tip that’s been percolating since “Zillow Talk: The New Rules of Real Estate” was released: Buying near a Starbucks has benefits beyond easy access to a half caff latte’

Between 1997 and 2014, homes within a quarter-mile of a Starbucks increased in value by 96 percent, on average, compared with 65 percent for all U.S. homes, based on a comparison of Zillow Home Value Index data with a database of Starbucks locations.

There is correlation, but of course it has far more to do than simply a coffee shop with demographics of where people want to live, raise kids, and have a general feeling that home values will stay stable.

See the full Zillow article here

 

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