LendingTree, an online loan marketplace, just released its latest rankings of US cities based upon their respective total value of residential housing. The collection of real estate data was taken from LendingTree’s property database of +155M US properties.

LendingTree’s total estimated value of residential real estate in metro areas hit $26.2T; the Federal Reserve’s total estimated value of residential real estate value is $28.4T.

Tendayi Kapfidze, chief economist with LendingTree, said _American households own $28.4T of residential real estate, a significant part of $100T in total household net worth. Financial assets add $81.7T, consumer durable goods add $5.7T while debts, including mortgages, subtract $15.6T.

“Real estate wealth is not evenly distributed across the country and is largely concentrated in metropolitan areas.”

LendingTree found that only three cities in the US had residential real estate value in excess of $1T. Those cities are

  • New York City – $2.6B
  • Los Angeles – $2.2B
  • San Francisco – $1.2B

Cities ranked among the top 10 account for nearly 40% of total real estate value in the country…cities ranked among the top 50 account for nearly 70% of total real estate value in the country.

City                     Total Billions                       Median Home Value

  1. New York           $2,549B                           $454,000
  2. Los Angeles       $2,176B                           $622,000
  3. San Francisco    $1,249B                           $891,000
  4. Chicago             $813B                             $223,000
  5. Washington DC  $795B                             $395,000
  6. Boston               $697B                             $459,000
  7. Miami                $648B                             $267,000
  8. Seattle               $641B                             $461,000
  9. Dallas                $549B                             $213,000
  10. San Jose            $535B                            $1,069,000
  11. San Diego           $522B                             $213,000
  12. Philadelphia        $494B                              $220,000
  13. Houston              $450B                             $192,000
  14. Phoenix               $444B                             $242,000
  15. Atlanta                $420B                             $191,000
  16. Riverside             $413B                             $332,000
  17. Denver                $374B                             $391,000
  18. Minneapolis         $331B                             $260,000
  19. Portland              $304B                             $378,000
  20. Sacramento         $301B                             $386,000
  21. Baltimore             $289B                             $270,000
  22. Detroit                 $262B                            $149,000
  23. Tampa                  $248B                            $190,000
  24. Austin                  $222B                            $282,000
  25. Charlotte              $216 B                           $187,000
  26. Honolulu               $198B                           $677,000
  27. St. Louis               $193B                           $154,000
  28. Las Vegas              $181B                           $239,000
  29. Orlando                 $176B                           $216,000
  30. Bridgeport              $163B                           $390,000