Zillow: White House Valuation Up During Obama Era

While President Barack Obama’s political legacy is open to debate, it appears that his real estate legacy is solid. A new data analysis by Zillow determined that the value of the White House has appreciated 15 percent since Obama's inauguration in 2009.

Now valued at $397.9 million, the 55,000 square-foot presidential residence was part of the rising tide in home values over the past eight years, when valuations increased by nine percent.

Zillow also estimated that if a standard 30-year fixed mortgage were taken out on the White House today, the monthly payment would be about $1.6 million—though it might make more sense to convert it into a rental property, as Zillow stated the monthly rental payment would be just over $2 million per month.

“President Obama's term coincided with a massive recovery of the U.S. housing market, and that's reflected in the updated value of the White House,” said Zillow Chief Marketing Officer Jeremy Wacksman. “Home values across the country are growing at their fastest pace since 2006, with many markets setting new records—one of the reasons why the White House is worth more now than it has ever been.”