Chapter 4. The Starbucks Effect - How Lattes Perk Up Home Prices (Zillow Talk #4.)
Today, I would like to introduce an interesting subject about the relationship between Starbucks and house prices. The Frappuccino effects According to Zillow’s big data analysis, the houses around a Starbucks store have the following characteristics. 1. the average fair market price of those houses is higher than other houses in the same area (it can be the same subdivision, same school district, etc). 2. the prices of those houses increase at a much faster rate than other h