What's the White House worth?

Home prices have edged up in Washington, DC, making the president's mansion slightly more valuable than it was 4 years ago.

By Kim Peterson Nov 2, 2012 1:57PM
Credit: Uyen Le/Photodisc/Getty Images
Caption: The White HouseWhat's happened to the value of your house in the past four years?

In Washington, D.C., home prices have edged up slightly. And that means President Barack Obama can say that his house, at least, is better off now than it was four years ago.

The White House is now worth about $284.9 million, or about 1.5% more than the $280.8 million in was worth in 2008, MarketWatch reports. If homes in the area continue to increase in value, then the White House's worth could rise an additional 1.1% in the next year to $288 million. MarketWatch got the data from real-estate site Zillow (Z).

So why is the D.C. area doing so well when other parts of the country are not? Washington is home to four sectors that have done extraordinarily well even in the housing downturn: health care, government, education and military, Zillow CEO Stan Humphries told MarketWatch.

A recent report found that D.C. home prices rose 4% in the third quarter from a year earlier, The Washington Post notes. Sellers there are getting about 98% of their asking prices.

But the White House still hasn't reached the value hit during the years of President George W. Bush. In June 2006, the building was worth $299.9 million.

My question: Has Zillow figured the White House's mysterious renovation into its value calculations? The mansion has wrapped up an $86 million, two-year project that appeared to build something deep underground, The Associated Press reports. No one in the federal government will talk about it, though.

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24Comments
Nov 2, 2012 2:22PM
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I never liked Zillow.  And putting a value on the White House is just ridiculous.  It won't be bought or sold, so what is the point?  Zillow, go back to under-valuing everybody else's property while the county governments are taxing us at higher amounts.
Nov 2, 2012 2:40PM
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Huh? Appraising the White House? This is useful to us all. What a D-BAG.
Nov 2, 2012 3:57PM
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just getting the scuff marks off the Resolute desk will cost thousands
Nov 2, 2012 6:00PM
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the White house is worth about as much as the worthless fool who occupies it
Nov 2, 2012 3:20PM
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Zillow usually uses tax appraisals from the county where a property is located. Since those appraisers are not "real" appraisers but government employees who have taken appraisal classes their numbers are useless.
Nov 2, 2012 6:42PM
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Isn't the white house, "our" house, the house of the American people?  If so, why should we not know what is built there?  We know it is deep undergroud.  I would tend to think it is some sort of fortified bunker.  The house was worth 299 million in 2006 amd drppped to 280 million under Obama.  That tells me Geoge, Jr. didn't just almost destroy the nation but did a lot of damage to the white house too.  With George, Jr. ordering the assassination of Hussein and with those assigned the gruesome duty to dig him out of an underground bunker, It seems Obama might think the Iraqi people might think ole George, Jr. was still there.  Hence, the need for a deeper and stronger bunker.  If you love America VOTE ALL INCUMBENTS OUT. put them in unemployment lines!
Nov 2, 2012 6:45PM
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Yea and what percentage of this investment do the people get back, we paid for it and we get nothing, you be lucky to even walk in the doors. bunch of criminals own it now, kind of like our whole country today, owned by criminal government officials who don't give one dam about the people today, their bought and paid for elections,  what a great joke on the WE THE PEOPLE< who will pay these criminals gangs again
Nov 3, 2012 12:03AM
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Whats the White House worth?

 Ask Obama He has all the change in his pocket!!!!

Nov 3, 2012 2:35AM
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I would really Appraise Obama , 0% amount of money, he is worthless, But the whitehouse Priceless : )
Nov 2, 2012 6:22PM
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Zillow is completely useless. Why anyone would trust a valuation from this site is beyond me.

In my neighborhood one home was completely rebuilt but never changed hands while another is in its original 1960's condition but recently sold. Zillow has the older home worth three times as much as the new home. It simply cannot be even remotely accurate.

Nov 4, 2012 1:03AM
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IMPEACH OBAMA NOW !!!     OHIO FOR ROMNEY !!!       SEMPER FI
Nov 2, 2012 8:22PM
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What is the purpose of this estimate.  The White House is an American Treasure.  There is not a price that should be placed on it.   What do you people, that's right you people have no respect for our American Heritage, you run around placing a monetary value on everything, I guess you will be appraising Ellison Island or the Golden Gate Bridge next.

Man get a life, what do you want?  Sale these Treasures to the China ?
Nov 2, 2012 2:55PM
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Zillow is not used by real estate people who are legit.  It is a worthless sight.  As to the White House - it will be worth more after Nov. 6, 2012.

 

Maybe the Federal Government can use the White House to borrow debt on.  Some lender might be willing to loan say 125% of the value.

Nov 5, 2012 1:25PM
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The reason the white house went up in value, is because Barack installed a brewery. Go Beer Lovers! Keep the Tea Totalers Out!
Mar 23, 2013 12:16PM
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I became  concerned after seeing the movie, "Olympus has Fallen" protecting our national interest and nation above all foreign activities are essential for America and the people of this nation to know where citizens loyalty are and to who, knowing the value of our assets is a start and protecting them from foreign and domestic situations are all our business above greed and self-interest.
Nov 6, 2012 12:08PM
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Its been worth billions to Soros, Buffet and friends Just thinking????????

Nov 2, 2012 6:41PM
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The White House increasing in real estate value only means it takes more money to buy and retain what one already owns.

Your money is worth less and you just have to pay more for stuff and just be prepared to pay more in taxes.

In fact the real estate value of the White House should have decreased with the report of Pennsylvania Avenue making the most endangered landscapes list and a preservation group blames the problem on neglect and maintenance issues but to admit the truth about the neighborhood would not allow the steady and predictable increase in real estate taxes.


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