Zillow CEO: Starbucks can increase your home's value

Living near a Starbucks might be a clue that you home is gaining value, at least according to the CEO of internet realty site Zillow.

Spencer Rascoff told Fortune Live that homes near Starbucks stores increased in value by 96 percent between 1997 and 2013. The average American home only increased in value by 65 percent during that period.

Homes near Dunkin' Donuts stores appreciated by roughly 80 percent in the same time period.

Rascoff believes that adding a Starbucks or other high end coffee shop can help gentrify an area and bring in other desirable businesses.

Another odd thing that seems to add value is your street name. Homes on roads called courts or ways gained value faster than homes on boulevards or streets.