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U.S. Renters Paid a Record High $485.6 Billion in 2017: Zillow
U.S. Renters Paid a Record High $485.6 Billion in 2017: Zillow
02 Jan 2018, 08:56 PM IST 
(Bloomberg) -- 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 | Annual | Total Rent | Annual |
| 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% |
To contact the reporter on this story: Alex Tanzi in Washington at atanzi@bloomberg.net.
To contact the editors responsible for this story: Marco Babic at mbabic@bloomberg.net, Chris Middleton
©2017 Bloomberg L.P.
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