Both Target and Walmart stores provide you with the condition to empty your wallets, especially if you live near one of these stores. However, one of them actually can give you the chance of making the money you spend in the store back.
According to MarketWatch, homeowners who bought homes near a Target store in 2004 and then sold them in 2015 had an average of 27% in increase when it comes to home price. On the other hand, those who bought and sold homes near a Walmart store in the same years only had a 16% appreciation. This is based on a study conducted by RealtyTrac.
When interpreted to numbers, those who have homes near Target have an average price gain of $65,569 compared to $24,900 for those near Walmart.
Again, if these are interpreted to money values, then the following are the results, as published in Inman:
- Homes near Target are valued at $307,286, which trumps the value of homes near Walmart ($178,249) by 72 percent.
- Homeowners near Target pay, on average, 123 percent more in property taxes ($7,001) compared to their counterparts wholive near Walmart ($3,146).
- Homeowners near Walmart arecloser to the national average in terms of price gains ($40,626), home value ($215,921) and property taxes ($4,283).
"Homeowners near a Target have experienced better home-value appreciation since their purchase, but also pay more and have higher property taxes on average," RealtyTrac vice president Daren Blomquist said. "If you're looking for a neighborhood that is a little bit more affordable, then those closer to Walmart stores come out the winner."
In other words, while Walmart will give you the chance to save more dollars on basic goods, living near Target will give you the chance to fill your pockets.
Realty Trac is a real estate information company based in Irvine, California, and founded in 1993. It also serves as an online marketplace for foreclosed and defaulted properties within the United States.
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