Value of the white house: How much is The White House worth? Everything you ever wanted to know
How much is The White House worth? Everything you ever wanted to know
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Today all eyes will be on Washington as Joe Biden is sworn in as the 46th President of the United States. It won’t be an easy job dealing with the fallout from the current circumstances, but it does come with the perk of living in one of the most famous houses in the world – the White House.
Related: How much for the keys to No.10? Experts reveal the value of 10 Downing Street ahead of potential new resident
We’ve all seen the iconic building on TV and in photographs, but how much do you actually know about the property? With the help of OnlineMortgageAdvisor.co.uk we have the answers for anything you ever wanted to know – from who built The White House, to how much the property is worth.
(Image credit: stock image)
Where is the White House?
This might sound like a pretty basic question, but each year Google has 134,400 people searching this very question. The White House is located in Washington, DC at 1600 Pennsylvania Avenue.
How much is the White House worth?
The White House is worth $397.9 million, according to US-based real-estate listings firm Zillow, who calculated the price in 2017. That is equivalent to £290 million, making it worth more than the most expensive house in Britain.
Who owns the White House?
After hearing just how much the place is worth, many of us will be keen to know who owns the White House. Well, it’s not the president. He might live there, but the house is a National Heritage Site owned by the National Park Service.
Who built the White House?
The site for the White House was chosen by the first US president, George Washington in 1791. However, it was built by Irish-born architect James Hoban in 1792.
After eight years of construction is was still unfinished, and was burnt down in 1814. However, James Hoban was appointed to rebuild the property which was finished in 1817.
The South Portico was added in 1824, and the North Portico in 1829.
How many rooms are in the White House?
The short answer is A LOT, but not quite as many as Buckingham Palace. The White House has 132 rooms and 35 bathrooms spread across 6 levels.
Inside the property has eight staircases, three elevators, 28 fireplaces and an incredible 412 doors. One particularly fun fact is that it would take 570 gallons of paint to repaint the outside. That is one DIY job we do not like the sound off.
Related:Barack and Michelle Obama’s new house in Washington is almost as plush as the White House
The inauguration takes place at 11am in the US. Welcome to the Biden administration.
Rebecca Knight has been the Deputy Editor on the Ideal Home Website since 2022. She graduated with a Masters degree in magazine journalism from City, University of London in 2018, before starting her journalism career as a staff writer on women’s weekly magazines.
She fell into the world of homes and interiors after joining the Ideal Home website team in 2019 as a Digital Writer. In 2020 she moved into position of Homes News Editor working across Homes & Gardens, LivingEtc, Real Homes, Gardeningetc and Ideal Home covering everything from the latest viral cleaning hack to the next big interior trend.
How Much Is The White House Worth?
Matthew Hodgkins/Shutterstock
By Elizabeth Maxham/
You probably won’t be able to buy President Joe Biden’s house any time soon — but, if the government could put the White House on the market, how much would they get? At least $445 million, according to the real estate listings service Zillow.
The value of the 16-bedroom, 35-bathroom home at 1600 Pennsylvania Avenue has been calculated by Zillow using a proprietary algorithm since 2009, Zillow said in a 2017 press release (via Business Insider).
Zillow said the house went up in value by 15 percent alone during the eight years of the Obama presidency, which coincided with a housing market recovery after the 2008 economic crash.
“Home values across the country are growing at their fastest pace since 2006, with many markets setting new records — one of the reasons why the White House is worth more now than it has ever been,” Zillow said in the four-year-old release. Now home values are rising even more quickly, and the White House is no exception: during the last year alone, as housing prices rose at record rates, Zillow calculates that the White House’s worth rose from $413.1 million in January to $445.2 million in November — a rise of 7.77 percent in a single year.
But why exactly is the executive residence — home to every president since George Washington, who lived in Philadelphia during his time in office (via National Park Service) — so valuable?
The White House/Getty Images
If President Biden were to rent out the White House — and who knows, maybe he and Jill are interested in starting an AirBnB — they could net a cool $1,663,119 per month in rent, according to Zillow.
But what does all that money actually get you?
Apart from the home’s obvious historical significance, the six-story White House is a jewel of neoclassical-style architecture, influenced by the ancient buildings of Greece and Rome (via Curbed). The mansion sits on 18 acres — including a putting green, two fountains, the North and South lawns, and the famous Rose Garden — and contains an entire ecosystem of services and leisure activities.
Inside the White House, you’ll find a music room, where former President Bill Clinton used to practice his saxophone; a gym, where presidents sweated away the stress and Michelle Obama toned her famous arms; a bowling alley, its current location installed by Richard Nixon; a movie theater, where presidents and their families can check out new releases; and even a chocolate shop (via Business Insider).
Of course, the building also contains the workplace of the executive branch, and is open to the public for tours, according to the National Park Service.
This narrows the scope of the living space slightly — only the top two floors of the executive residence make up the private living area. No wonder that not every president loved living in the building: Harry Truman once called it a “glamorous prison,” according to Business Insider.
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When Donald Trump took office as the 45th President of the United States, he received the keys to an approximately $400 million complex with 132 rooms, 35 bathrooms and three elevators, all located on more than 7 hectares of land, vestifinance.ru writes. .
The value of the White House, located on Pennsylvania Avenue in Washington, DC, has risen 15% since 2009, when 44th President Barack Obama first took office.
This data comes from the Zillow real estate website, which evaluates the value of real estate based on physical objects and their condition, surroundings and market situation. For comparison, it should be noted that housing prices across the country have increased by 9% over the past eight years.%.
According to Jeremy Waxman, this is a very unique property that is also considered the most expensive in the country.
Trump, who also lives in a $100 million gold-lined penthouse, said earlier that he would not change much in the White House after his inauguration, but would limit himself to installing touch controls. In addition, some historical premises in the White House are prohibited from being remodeled. But even if Trump redoes a lot of the premises, this will not greatly affect the value of the house, Voxman believes. In other houses, reconstruction can significantly affect the value of real estate, but this does not apply to the White House, the expert is sure.
The United States has recently experienced a rise in real estate prices, which is attributed to the improving state of the economy and high demand for houses. Mortgage foreclosures are also becoming less common as the economy recovers from the 2008 financial crisis.
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Alisa Kurmanaeva
January 18, 2017
Experts from the American real estate company Zillow once again estimated the cost of the White House in Washington. According to them, during the eight years of Barack Obama’s presidency, it increased by 15%.
The rise in residence prices is explained by the fact that the Obama term coincided with a massive recovery in the US housing market, writes Business Insider , citing real estate company Zillow . According to its experts, the monthly rent of the White House – a 132-room building at 1600 Pennsylvania Avenue with 15 bedrooms, 35 bathrooms, basketball and tennis courts, parking and a swimming pool – will cost $ 2.075 million per month. At the same time, the estimate is approximate, since in reality the White House is not represented on the real estate market.