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Value of the White House

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Services for Real Estate Pros

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Value of the White House

The White House is definitely an American icon.

It also is a symbol of the American housing market, because, like many of the country's houses, it's not worth what it was once.

 Over the last three years the home and office of the President has lost nearly a quarter of its value. Over the past 12 months the value of the White House dropped over $23 million...the value dropped almost $4 million in the past month.

 

 The 132-room mansion — 16 bedrooms and 35 bathrooms on 18 acres in the heart of the nation's capital —was worth $331.5 million at the top of the housing boom, according to Zillow, the online real estate marketplace. But the latest "Zestimate" puts the price tag at $253.1 million. That's a 23.6% decline in value.

 

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