Homes near Starbucks have higher property values

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

SEATTLE, Wash. — Starbucks does more than just give customers their daily caffeine.

A new study finds the value of homes located within a quarter mile of Starbucks rise faster than other homes.

The real estate research group Zillow studied house values between 1997 and 2013.

It found houses closer to Starbucks increased in worth by 96 percent.

That’s more than the 65 percent rise all US homes saw.

Zillow reports a new Starbucks gives developers a sense that a neighborhood is on the rise.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

1 Comment