There are a number of policy options available to catalyze grocery store and supermarket development in food deserts, but most require outlays of public funds. In a fiscally-constrained situations policymakers and advocates seeking funds for these programs must articulate and quantify the full range of societal benefits that grocery stores will bring. This article explores enhanced residential property values as one such benefit and uses data from Oakland, California and a hedonic price model to estimate that proximity to a grocery store adds $20,000 to $30,000 to home values. This increase in value represents increased wealth for homeowners and an expanded property tax base for governments. (Article starts on page 5).