New York City tops real estate wealth list in the US

New York is the city with the top real estate value in the US, valued at $2.8 trillion, Lending Tree research shows.

In New York City typical homes are valued at $501,000,

Coming in second is Los Angeles at $2.3 trillion, while homes are even pricier at $668,000.

Meanwhile in third place is San Francisco, where homes are collectively worth $1.3 trillion and individually an eye-watering $959,000.

Of the 50 cities analysed, Salt Lake City, Naples, and New Orleans are regions with the lowest real estate values.

In New Orleans homes typically cost $201,000, while they are valued at $329,000 in Naples and $312,000 in Salt Lake City.