Home prices in ZIP codes where a Trader Joe's opens outperform the national average by 6% over the following three years. In Walmart ZIPs, they underperform by 4%. I matched more than 32,000 store openings dating back to the mid-1970s to home price data at the ZIP-code level, and layered in Census demographics for recent years. Each dot in the chart bel…
What Does Your Grocery Store Say About Your Neighborhood?
The K-shaped economy runs through the grocery aisle.
