Neighborhoods that fight to keep Walmart out of their communities may want to rethink their battle plans after a new study shows Walmart might actually increase home values.
The study looked at home values between 2001 to 2006, before the housing market crashed.
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The University of Chicago and Brigham Young University found a positive relationship between the increase in home prices and the proximity of newly opened Walmarts.
Te study shows values for homes within a mile of the new store saw an increase of at least 1% to 2%, or roughly $4,000 dollars.
Homes less than a half mile away saw even more of an increase at 2% to 3%, or an average of $7,000 dollars within a two and a half year span.