Miami is the country’s fourth most valuable housing market as we head into 2018, according to a new report by Zillow.
Trailing only Los Angeles (total value of $2.7 trillion), New York (2.6 trillion), and Washington (996.7 trillion), the total value of Miami’s housing market is an estimated 864.2 billion, which represents a solid 4.7 percent increase year over year.
However, that increase is slightly less than that of the entire U.S. housing stock, which received a 6.5 percent (or 2 trillion) boost this year. It represents the sharpest growth in home values since 2013.
Among the 35 largest U.S. markets, Columbus, Ohio showed the biggest gain, racking up a 15 percent spike in value over the past year.