U.S. Renters Paid a Record High $485.6 Billion in 2017: Zillow
Fri Dec 29 2017
Nikki Bailey (1013 articles)

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

Nikki Bailey

Nikki Bailey

Nikki Bailey reports on US Stocks. She covers also economy and related aspects. She has been tracking US Stock markets for several years now. She is based in New York