Home | Newsletter | Advertise
loading...

$1.1 Trillion: The Reported Worth of DC-Area Real Estate

  • September 28th 2023

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

The national housing market has gained a tremendous amount of value in recent years, and a new report aims to quantify the increase.

The Zillow report released last week analyzes the aggregate value of residential real estate in each state and some of the largest metro areas. For the DC area, the housing market is worth $1.147 trillion, an increase of almost $255 billion since just before the pandemic. 

MSA.png
Click to enlarge.

"The four most valuable metro areas have remained largely unchanged over the past five years: New York, Los Angeles, San Francisco and Boston," the report stated. "A new entrant, Miami, has claimed the fifth spot, jumping all the way from ninth as recently as May 2021 to edge Washington, D.C., out of the top five."

California is where the real housing wealth has been gained in the last six years. Since 2017, the housing values in California have risen from $6.4 trillion to $10.2 trillion. 

This article originally published at https://dc.urbanturf.com/articles/blog/11_trillion_the_reported_worth_of_dc-area_real_estate/21518.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse