America's Most Valuable Housing Markets
What We’re Showing
The top 10 U.S. metro areas with the most valuable housing markets. Figures are based on the total value of homes including single-family homes, townhouses, condos, and two to four unit multifamily properties as of December 2023.
The Top Three
New York
Not surprisingly, America's largest city is also the most valuable housing market in the country, valued at $2.4 trillion. But in contrast to the majority of growing metro areas across America, the total value of homes in New York declined by 1% in 2023 – placing it second last out of America's 100 most populous metros.
Where growth is occurring is nearby, in New Jersey. Cities like Newark and Camden experienced double-digit growth over the past year.
Los Angeles
In second place is Los Angeles, CA, with a housing market worth $2.1 trillion. As of February 2024, the median sale price in the Los Angeles metro area was $975,000. LA's one year growth was slightly lower than the national average of 5.3%.
Atlanta
Atlanta, GA, is America's third-most valuable housing market, with the total value of homes in the metro area growing by 6.2% YoY. People are flocking to the Atlanta metro area for many reasons. Housing affordability is a major driver, along with its thriving tech sector. Along with this, state tax credits have increasingly made it a hub for the TV and film industries, earning it the moniker “Y’allywood”.
Another factor in Atlanta's inflating housing market are large investment firms, which own a huge footprint of homes in the city.