Homes appreciated 31% more near the iconinc coffee shop

Investing in a home? A local Starbucks may boost values - AZ Central - Zillow noticed a modest tailwind for homes located within a quarter-mile of a Starbucks coffee house. The research firm surveyed the appreciation of homes in 20 large metro areas, including Phoenix, over a 17-year period. It compared those numbers against the price gains for residences within one-quarter mile of a Starbucks. Residences near one of the iconic coffee shops gained 96% from January 1997 through December 2013, according to Zillow's research. That compared with 65% for residences in general.

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Residences near one of the iconic coffee shops gained 96% from January 1997 through December 2013