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$892 Billion: The Reported Worth of DC Area Residential Real Estate

  • January 7, 2019

by Nena Perry-Brown

The national housing market has gained a tremendous amount of value in recent years, and a new report is trying 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 $892 billion, an increase of almost $27 billion since last year.

The DC metro housing market is worth more than that of each state highlighted above. Click to enlarge.

The cumulative worth of the metrowide housing market exceeds that of 40 states. Despite the impressive sum, the value of the regional market remains $55.6 billion, or 5.9 percent, lower than the value observed when the housing bubble peaked.

California is where the real housing wealth has been gained in the last six years. Since 2012, a third of the national market’s $10.9 trillion gain in housing values has come from California.

See other articles related to: zillow, housing market

This article originally published at https://dc.urbanturf.com/articles/blog/892-billion-the-worth-of-dc-residential-real-estate/14853

DC Real Estate Guides

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First-Timer Primers

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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
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The Scoop on Mortgage Insurance

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Developing An Air of Exclusivity?
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Hitting Its Growth Spurt
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 Eisenhower Avenue
The Vibrancy Might Take a Few Years
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132 Commerical-Free Acres
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Radical Change Could Be On The Way

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Maryland

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Experiencing a Resurgence After a Bumpy History
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A Foodie Magnet on the Verge of Change
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Northwest DC

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Southwest DC

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Northeast DC

Profiles of 10 neighborhoods in NE

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