Miami is fast on the rise and a new Zillow report has named the city the 4th most valuable housing market in the United States with a value of $864.2 billion, up 4.7% year-over-year from 2016. Miami trails Los Angeles which has a market value of $2.7 trillion, New York City which has a market value of $2.6 trillion, and Washington D.C., which has a market value of $996.7 billion. The fastest growing city in 2017 was Columbus, Ohio which rose 15.1% year-over-year to $152.3 billion. The total value of all U.S. homes in 2017 was $31.8 trillion, up 6.5% year-over-year with a total growth of $1.95 trillion. The 10 most valuable metroplitan areas total $11.3 trillion combined, which equates to 36% of the total value of U.S. housing. U.S. renters spent $485.6 billion in 2017, up $4.9 billion year-over-year, with New York City and Los Angeles also reporting the largest rental markets.
The Real Estate Mogul's Guide to South Florida
