Specialty Shops Raise Home Values

A recent study of home values in Portland finds that close proximity to such amenities as specialty grocery stores and movie theaters can raise values as much as 20%.

1 minute read

October 1, 2008, 8:00 AM PDT

By Nate Berg


"Everything else being equal – same home, same neighborhood – if a specialty grocery store sits within a block and a half of your house, your property values should be 20 percent higher than if you don't have the store nearby.

And specialty groceries aren't even No. 1 on the list of shops that will elevate the value of nearby homes. That distinction belongs to small neighborhood movie theaters, according to the Johnson Gardner report.

All things being equal, a small movie theater can raise property values somewhere between 14 and 30 percent, according to the study. Wine bars and garden shops also provide a boon to homeowners. Bookstores, fitness centers and bike shops do the same, to a lesser extent."

Thanks to Creative Class Exchange

Thursday, September 25, 2008 in The Portland Tribune

View form second story inside Southdale Mall in Edina, Minnesota with escalators and model cars parked on downstairs floor.

The Mall Is Dead — Long Live the Mall

The American shopping mall may be closer to its original vision than ever.

March 21, 2024 - Governing

Houston, Texas skyline.

Report: Las Vegas, Houston Top List of Least Affordable Cities

The report assesses the availability of affordable rental units for low-income households.

March 22, 2024 - Urban Edge

White three-story brick single-room occupancy hotel in downtown Los Angeles, California.

‘Micro-Apartment’ Trend Underscores Housing Crisis

SROs are making a comeback under a new name as the housing supply remains strained and costs soar.

March 22, 2024 - Associated Press via Yahoo News

Young man in wheelchair crossing zebra crosswalk.

How to Protect Pedestrians With Disabilities

Public agencies don’t track traffic deaths and injuries involving disabled people, leaving a gap in data to guide safety interventions.

40 minutes ago - Governing

Aerial view of mountain town of Steamboat Springs, Colorado in the winter with snow at dusk.

Colorado Town Fills Workforce Housing Need With ‘Dorm-Style’ Housing

Median rent in Steamboat Springs is $4,000 per month.

1 hour ago - CBS News

Red public transit bus in Bangalore, India.

Indian States Give Women Free Bus Passes

The programs are part of an initiative aimed at helping more women join the workforce and improving access to basic needs.

2 hours ago - Next City

News from HUD User

HUD's Office of Policy Development and Research

Call for Speakers

Mpact Transit + Community

New Updates on PD&R Edge

HUD's Office of Policy Development and Research

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.

Planning for Universal Design

Learn the tools for implementing Universal Design in planning regulations.