---
title: Housing Market Increased $2.5 Trillion in 2020; Highest Gain Since 2005
description: The country’s total housing value now stands at a staggering $36.2 trillion.
---

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# [Housing Market Increased $2.5 Trillion in 2020; Highest Gain Since 2005](https://www.globaldms.com/blog/housing-market-increased-2.5-trillion-in-value-during-2020-highest-gain-since-2005)

 Written by [Zach Bodack](https://www.globaldms.com/blog/author/zach-bodack) | Thu, Mar 04, 2021

Zillow recently reported that the U.S. housing market grew by roughly $2.5 trillion in value during 2020, which is the highest amount recorded in a single year since 2005. The country’s total housing value now stands at a staggering $36.2 trillion.

According to its [report](https://www.zillow.com/research/zillow-total-housing-value-2020-28704/), strong demand due to records low mortgage rates led to intense competition among buyers, where homes were flying off the market at the fastest pace Zillow has recorded. As a result, this caused home prices to rise even higher – thus helping to increase the market’s overall value.

Zillow noted that 21.4% of the nation’s housing value resides in California at $7.8 trillion, which is more than the next three states combined. North Dakota saw the smallest share at $64 billion, while Alaska was the only state to lose value in its housing stock, dropping by about $1.5 billion.

For more information, including additional statistics, check out Zillow’s [report](https://www.zillow.com/research/zillow-total-housing-value-2020-28704/).

 

**Sources:**  
Zillow – [zillow.com](https://www.zillow.com/)  
National Mortgage Professional – [nationalmortgageprofessional.com](https://nationalmortgageprofessional.com/)

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