Instant Alert: Walmart's hometown has filled up with mansions, high-end restaurants, and an art museum — see all of the changes the company's wealthy founding family has brought

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Walmart's hometown has filled up with mansions, high-end restaurants, and an art museum — see all of the changes the company's wealthy founding family has brought by Mary Hanbury on Mar 13, 2018, 2:31 PM Advertisement Walmart's headquarters are located in Bentonville, Arkansas. The city has become a desirable destination as Walmart executives have relocated there. As a result, home values have gone up in recent years.  Bentonville has also become home to more trendy restaurants and a boutique hotel. Since the Waltons first set foot in Bentonville in 1950, the quiet town has grown to become a cosmopolitan city with a modern art gallery, boutique hotel, artisan shops, and fancy restaurants — and the family that founded Walmart is mostly to thank for this.  The presence of Walmart's headquarters here has driven up property prices in the area as company executives settle in the town and create a demand for luxury real estate.  The average price for homes in downtown Bentonville has increased from $63 to $192 per square foot up in the past six years, according to a study done by the University of Arkansas and commissioned by the Walton Family Foundation, The Wall Street Journal reported.  See how the city is evolved as Wamart has grown:  SEE ALSO: MEET THE WALTONS: How America's wealthiest family spends its Walmart fortune Bentonville is in the northwest part of Arkansas. It's the ninth-largest city in the state, with a population of just over 47,000 people. Source: US Census Bureau The founder of Walmart, Sam Walton, moved to the city in 1950 and set up his Walton's 5 & 10 store. At the time, it was a quiet town, and the surrounding area was once known for its apple, poultry, and dairy production. Walton's original store still stands today and is part of the Walmart Museum, which was set up to educate visitors about the company's history. Source: Walmart, Bentonville Chamber of Congress  Walton opened the first Walmart store in Rogers, Arkansas, in 1962. By 1967, there were 24 locations in Arkansas. Three years later, the company went public. See the rest of the story at Business Insider   Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011