Most Valuable Cities in the US

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