The Positive Externalities of Wal-Mart

June 10th, 2012

According to their research, the value of homes within half-a-mile of a Walmart increase an average 2 to 3 percent more than homes that aren’t close to the giant retailer.  Homeowners with property a half-mile to a mile from a Walmart see a 1 to 2 percent bump.

The study concludes, “On average, the benefits to quick and easy access to the lower retail prices offered by Wal-Mart and shopping at these other stores appear to matter more to households than any increase in crime, traffic and congestion, noise and light pollution or other negative externalities that would be capitalized into housing prices.”

From PropertyProf.