U.S. Renters Paid a Record High $485.6 Billion in 2017: Zillow
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.
Total Rent Paid
United States $ 485.6 billion
New York/Northern New Jersey $ 54 billion
Los Angeles-Long Beach-Anaheim, CA $ 38.6 billion
Chicago, IL $ 15.2 billion
Dallas-Fort Worth, TX $ 11.8 billion
Philadelphia, PA $ 8.5 billion
Houston, TX $ 10.3 billion
Washington, DC $ 14.0 billion
Miami-Fort Lauderdale, FL $ 11.9 billion
Atlanta, GA $ 8.9 billion
Boston, MA $ 10.7 billion
San Francisco, CA $ 15.8 billion
Detroit, MI $ 4.8 billion
Riverside, CA $ 6.9 billion
Phoenix, AZ $ 7.1 billion
Seattle, WA $ 9.4 billion
Minneapolis-St Paul, MN $ 5.2 billion
San Diego, CA $ 9.6 billion
St. Louis, MO $ 3.1 billion
Tampa, FL $ 5 billion
Baltimore, MD $ 4.5 billion
Denver, CO $ 5.7 billion
Pittsburgh, PA $ 2.3 million
Portland, OR $ 4.8 billion
Charlotte, NC $ 3.3 billion
Sacramento, CA $ 4.4 billion
San Antonio, TX $ 2.9 billion
Cincinnati, OH $ 2.4 billion
Cleveland, OH $ 2.4 billion
Kansas City, MO $ 2.7 billion
Las Vegas, NV $ 4.2 billion
Columbus, OH $ 2.7 billion
Indianapolis, IN $ 2.4 billion
San Jose, CA $ 6.3 billion
Austin, TX $ 3.9 billion
