Report good news for Baton Rouge, New Orleans residents, says property values near Trader Joe's stores surge _lowres

Advocate staff photo by BILL FEIG -- Shoppers peruse the fruit and vegetable section as large crowds attend Trader Joe's grand opening in Baton Rouge in October 2013.

.

If you live near the Trader Joe's in Baton Rouge or the upcoming store in Metairie, a new report from RealtyTrac should put a smile on your face.

The report says homeowners near a Trader Joe’s have seen an average 40 percent increase in home value since they purchased. Average appreciation for all ZIP codes nationwide is 34 percent.

Of course, as the study points out, higher property values mean higher property taxes.

In Baton Rouge, the Trader Joe's is located in the 70808 ZIP code. (Click here for a closer look at the boundaries of 70808.)

In Metairie, the under-construction store is located in the 70002 ZIP code. (Click here for a closer look at the boundaries of 70002).

Click here to see the full report.