U.S. Renters Paid a Record High $485.6 Billion in 2017: Zillow
- Housing market grew $2 trillion in 2017 to $31.8 trillion
- Los Angeles-Long Beach-Anaheim housing stock leads at $2.7 tln
Photographer: David Paul Morris/Bloomberg
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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.