A neighborhood’s schools, restaurants, and crime rate are all important things people take into account when looking to buy a home. But there may be another factor that can convince people to pay the asking price faster — brands like Whole Foods!
An analysis we ran on median home asking prices in 3 major cities — NYC, Chicago, IL and Portland, OR — reveals that whether you choose to live in Whole Foods, Target, or No-Frills land, you should expect to find significant differences in home asking prices. In NYC alone, median home prices in neighborhoods where there’s a Whole Foods store are almost 3 times higher than in areas where there’s just a Target or a local grocery store. In Chicago, the difference can be up to 6 times!