Instagram via @fortlauderdale
The Miami/Fort Lauderdale area - South Florida - was ranked the fifth most valuable housing market in a recent study by Zillow at a total of $773 billion. Los Angeles paced the nation at $2.4 trillion followed by New York at $2.3 trillion and San Francisco at $1.2 trillion. As for the nation as a whole, value of total homes in the United States grew by $1.1 trillion in 2015, a four-percent increase year over year.
Total home value at year end
1. Los Angeles-Long Beach-Anaheim, CA – $2.4 trillion
2. New York/Northern New Jersey – $2.3 trillion
3. San Francisco, CA – $1.2 trillion
4. Washington, DC – $939 billion
5. Miami-Fort Lauderdale, FL – $773 billion
Total rent paid at year end
1. New York/Northern New Jersey – $55.9 billion
2. Los, Angeles-Long Beach-Anaheim, CA – $34.5 billion
3. San Francisco, CA – $16.7 billion
4. Chicago, IL – $16.5 billion
5. Washington, DC – $14.0 billion
6. Boston, MA – $13.4 billion
7. Houston, TX – $13.1 billion
8. Dallas-Fort Worth, TX – $12.8 billion
9. Miami-Fort Lauderdale, FL – $11.2 billion
10. Seattle, WA – $10.2 billion
· 2016's Most Valuable Housing Markets [Zillow]