×

Starbucks increases neighborhood, home values

A woman walks past a Starbucks cafe in New York.
Getty Images
A woman walks past a Starbucks cafe in New York.

Home values rise when a Starbucks location hits the neighborhood, according to Quartz.

The coffee giant sends the value of nearby homes soaring, reported the news site, according to data provided by Zillow. The online real estate database compared home values before and after a Starbucks was built in a neighborhood.

Read MoreStarbucks will continue its fast growth in 2015: Schultz

Data from Zillow show American homes located near an outlet of the coffee chain, on average, have appreciated 96 percent between 1997 and 2014, from an average $137,000 to $269,000. Homes in neighborhoods without a Starbucks have appreciated 65 percent in the same time, from $102,000 to $168,000, Quartz reported.

The $15 billion company has expanded to more than 19,000 locations in over 60 countries, according to Quartz, and the coffee roaster's growth does not show any signs of slowing down this year.

Read the full report from Quartz