The total value of owner-occupied residential real estate in the 50 largest metros reached $23.48 trillion in 2022, the latest year for which such data is available, which is 38% more than the total value of homes in 2019.
The 50 largest metros make up the bulk of home values across the country, but the total value of owner-occupied homes across all markets in 2022 was $36.6 trillion, according to LendingTree, citing data from the U.S. Census Bureau’s 2019 and 2022 American Community survey.
The D.C. metro’s total value of owner-occupied homes reached just over $1 trillion in 2022, behind only New York City and Los Angeles, and San Francisco in California, at $2.74 trillion, $2.3 trillion and $1.39 trillion respectively.
The growth in home value of all owner-occupied housing in the D.C. region between 2019 and 2022 was 32.6%.
Click here to read the rest of the article written by Jeff Clabaugh over at WTOP
