It’s widely known that location matters, especially when it comes to the value of your home. And the difference between living near a Target TGT 0.45% vs. a Walmart WMT -0.36% could be pretty substantial, according to a new report.
Online real estate information company RealtyTrac analyzed home values, appreciation, and property taxes in U.S. zip codes with a Walmart or a Target to determine which superstores give homeowners the biggest returns on their investments.
As it turns out, homeowners living near a Target saw the value of their homes rise higher since purchase. Among homeowners who sold in 2015, those with homes near a Target experienced an average 27% increase in home prices, which equals to an average gain of $65,569. That’s compared to a 16% increase, or $24,900, for homeowners near a Walmart.
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