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Miami is the country’s 4th most valuable housing market, per report

Valued at 864.2 billion

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.