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

Navi Persaud

Jul 01, 2020

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

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.

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Published

Jul 01, 2020

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