The total value of all homes in the United States rose 6.5 percent in 2017 to $31.8 trillion, according to Zillow. Renters paid a record $485.6 billion this year.
The Los Angeles and New York markets each account for more than 8 percent of the overall value of U.S. housing stock, worth $2.7 trillion and $2.6 trillion, respectively.
The San Francisco market follows at $1.4 trillion and the Washington D.C. housing market is valued at just under $1 trillion.
|
Metropolitan Area
|
Total Value of
Housing Stock
|
Annual
Change in
Total Value
|
Total Rent
Paid
|
Annual
Change in
Rent Paid
|
| United States |
$31.8 trillion |
6.5% |
$485.6 billion |
1.0% |
New York/Northern
New Jersey |
$2.6 trillion |
7.9% |
$54 billion |
0.3% |
Los Angeles-Long Beach-
Anaheim, CA |
$2.7 trillion |
5.7% |
$38.6 billion |
3.6% |
| Chicago, IL |
$821.3 billion |
5.8% |
$15.2 billion |
0.1% |
| Dallas-Fort Worth, TX |
$517.8 billion |
12.3% |
$11.8 billion |
2.4% |
| Philadelphia, PA |
$617.6 billion |
4.4% |
$8.5 billion |
-1.2% |
| Houston, TX |
$393.4 billion |
5.4% |
$10.3 billion |
-2.3% |
| Washington, DC |
$996.7 billion |
1.8% |
$14.0 billion |
-0.6% |
Miami-Fort Lauderdale,
FL |
$864.2 billion |
4.7% |
$11.9 billion |
-1.6% |
| Atlanta, GA |
$443.8 billion |
6.6% |
$8.9 billion |
3.3% |
| Boston, MA |
$719.9 billion |
6.0% |
$10.7 billion |
2.4% |
| San Francisco, CA |
$1.4 trillion |
7.6% |
$15.8 billion |
-0.1% |
| Detroit, MI |
$315.5 billion |
8.6% |
$4.8 billion |
0.4% |
| Riverside, CA |
$470.5 billion |
6.4% |
$6.9 billion |
1.4% |
| Phoenix, AZ |
$473 billion |
6.3% |
$7.1 billion |
4.7% |
| Seattle, WA |
$645.6 billion |
11.7% |
$9.4 billion |
5.6% |
Minneapolis-St Paul,
MN |
$350 billion |
4.6% |
$5.2 billion |
7.6% |
| San Diego, CA |
$632.7 billion |
5.6% |
$9.6 billion |
4.3% |
| St. Louis, MO |
$195.7 billion |
1.3% |
$3.1 billion |
2.7% |
| Tampa, FL |
$287.2 billion |
11.3% |
$5 billion |
4.2% |
| Baltimore, MD |
$294.3 billion |
2.1% |
$4.5 billion |
-1.5% |
| Denver, CO |
$405.4 billion |
6.1% |
$5.7 billion |
-0.8% |
| Pittsburgh, PA |
$154.8 billion |
5.3% |
$2.3 million |
-4.4% |
| Portland, OR |
$301.5 billion |
4.8% |
$4.8 billion |
6.1% |
| Charlotte, NC |
$206 billion |
10.0% |
$3.3 billion |
7.3% |
| Sacramento, CA |
$292.2 billion |
7.8% |
$4.4 billion |
4.6% |
| San Antonio, TX |
$125.4 billion |
7.1% |
$2.9 billion |
0.2% |
| Orlando, FL |
$199.6 billion |
4.9% |
N/A |
N/A |
| Cincinnati, OH |
$137.8 billion |
6.5% |
$2.4 billion |
4.0% |
| Cleveland, OH |
$123.8 billion |
6.1% |
$2.4 billion |
-0.8% |
| Kansas City, MO |
$140.3 billion |
7.8% |
$2.7 billion |
3.2% |
| Las Vegas, NV |
$196.9 billion |
11.0% |
$4.2 billion |
7.8% |
| Columbus, OH |
$152.3 billion |
15.1% |
$2.7 billion |
1.5% |
| Indianapolis, IN |
$119.2 billion |
6.0% |
$2.4 billion |
2.0% |
| San Jose, CA |
$726.6 billion |
13.5% |
$6.3 billion |
-1.0% |
| Austin, TX |
$174.7 billion |
7.8% |
$3.9 billion |
-2.1% |
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