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How Starbucks Impacts Home Values in the D.C. Metro Area

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Looking for somewhere to live that's constantly abuzz with soaring home prices? If you live near a Starbucks, you'll find that and much more. In a top 10 list of U.S. Metro areas whose home values were most affected by Starbucks, Washington, D.C. placed third. The list was published in the book, "Zillow Talk: The New Rules of Real Estate" by Zillow CEO Spencer Rascoff and Chief Economist Stan Humphries who both discovered that the coffee behometh is able to affect the median value of homes located even half a mile away. In the above graph, it shows that the median value of all Washington homes in December 2013 increased 121.8 percent from a month before, but homes within a quarter mile radius of Starbucks increased 151.4 percent, a difference of 29.6 points.

· Markets Where Starbucks Boosts Home Values the Most [Zillow]