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BusinessQuiet 5d · day 7

Costco proximity boosts home values in wealthy, dense areas, study finds

Research from Vancouver School of Economics shows Costco openings increase property values by up to 7.9% in high-density, high-income neighborhoods.

newest coverage 5d agosummary written 4d ago8 pieces NewswiresMastodon

What to know

  • A Vancouver School of Economics study found Costco openings increase nearby home values by 7.9% in high-density areas and 5.2% in high-income counties, but have negligible overall impact.
  • The property value boost appears concentrated in wealthy, densely populated markets like Brooklyn—suggesting Costco confirms existing affluence rather than creating new value.
  • Experts disagree on causation: some argue Costco's convenience justifies the premium, others contend Costco strategically chooses locations that are already appreciating.

“A Costco nearby equals convenience and savings in the minds of many consumers. A household can join a Costco and go get gas for their car, groceries for their home, and holiday decorations all in one trip.”

Christina Rordam, Real estate agent, Orlando, FL · NY Post ↗

Silas Kwok Economist, Vancouver School of EconomicsSelma Hepp Chief economist, CotalityChristina Rordam Real estate agent, Orlando, FL

Costco proximity boosts home values in wealthy, dense areas, study finds
NY Post

How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts

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Sep 20Sep 21Sep 22Sep 23Sep 24yesterdaynow · 12:55 PM ET
  1. 2

    Realtor.com story syndicated across regional news outlets

    The NY Post article about the Costco study was republished by Kelly Kazek across multiple regional outlets including NJ.com, Cleveland.com, The Oregonian, PennLive, AL.com, and MassLive.

    • Did you know? Living near this large retailer can directly impact the value of your home https://www. nj.com/business/2026/09/did-yo u-know-living-near-this-large-retailer-can-directly-impact-the-value-of-your-home.html?utm_source=flipboard&utm_medium=activitypub Posted into NJ Business @ nj-business-NJcom

      NJcom@flipboard.comMastodon5d agoview on Mastodon ↗
  2. 1 day quiet
  3. 1

    Experts debate whether Costco creates value or confirms existing wealth

    Real estate professionals and economists offer competing interpretations: some argue Costco's convenience justifies higher property values, while others suggest Costco strategically locates in already-wealthy areas, making the correlation reflect pre-existing conditions rather than Costco-driven appreciation.

    “Home values only increased in areas that were already high-density or high-income. That suggests the Costco effect is not universal but is highly dependent on the pre-existing economic and demographic characteristics of a neighborhood.”
    — Selma Hepp
    1. 1 outlet Living near a Costco may increase your home value — but it depends on where you live

      first by NY Post, 6d ago

  4. background

    Vancouver School of Economics releases Costco property value study — Silas Kwok's research on Costco openings from 2002 to 2020 across the US shows the overall impact on property values is negligible, but Costco did increase values significantly in specific markets.

Also covered reported alongside — the timeline has no entry for these yet

  1. 3 outlets Living near this large retailer can directly impact the value of your home

    first by MassLive, 5d ago · also PennLive, The Oregonian