NY & LA Top LendingTree's Most Valuable Cities In America

Jul 01, 2020

New York City Skyline At Sunset. Photo by Emiliano Bar on Unsplash

Director of Events

A report from LendingTree explored what the most valuable cities in America are by analyzing the total value of residential real estate in American cities. The report finds American households own $29.2 trillion of residential real estate—a large portion of the $107 trillion in total household net worth in America.

"The real estate values come from the My LendingTree property value database, which is a collection of real estate data of more than 155 million U.S. properties," according to the report. "The total value of residential real estate in the database was $32.6 trillion, close to the Federal Reserve’s estimate of total residential real estate value of $32.9 trillion."

LendingTree found that the top five most valuable cities in America are New York, Los Angeles, San Francisco, Chicago and Washington D.C. New York landed the top spot with a total residential real estate value of $2.8 trillion and a median home value of $501,000. Los Angeles came in at number two with a total residential real estate value of $2.3 trillion and a median home value of $668,000. San Francisco earned the third spot, with a total residential real estate value of $1.3 trillion and a median home value of $959,000.

LendingTree also provided a complete list of the top 50 cities ranked by value. You can check the full list below.

About the author

Navi Persaud

Director of Events

Navi Persaud is Director of Events at NMP.

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Jul 01, 2020

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