RealtyTrac: Metairie Trader Joe's may boost home values - FOX 8 WVUE New Orleans News, Weather, Sports, Social

RealtyTrac: Metairie Trader Joe's may boost home values

RealtyTrac: Metairie Trader Joe's may boost home values

According to researchers at RealtyTrac, homes near Trader Joe's stores increase in value as much as 40 percent.  (Source: WVUE Photo) According to researchers at RealtyTrac, homes near Trader Joe's stores increase in value as much as 40 percent. (Source: WVUE Photo)
METAIRIE, LA (WVUE) -

People who live near the site of a future Trader Joe's in Metairie may benefit from the store in an unexpected way.

According to researchers at RealtyTrac, homes near Trader Joe's stores increase in value as much as 40 percent. The researchers compared the average of current home values to the average of home values at the time the home was last purchased.

Trader Joe's is a market known for it's affordable specialty items.

The company plans to open a store at the corner of Veterans Boulevard and Labarre Road before the end of 2016.

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