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Tuesday 20th March 2018

How much the White House is worth?

Media & Culture

7Dnews Washington DC - AMR GOHAR

Fri, 09 Aug 2019 14:18 GMT

Have you ever thought about how much the White House might cost to buy or rent?

According to its market value, if you wanted to buy the White House, and it was on the market, its price on the market today would be $397.9 million. Those who wanted to rent it, on a monthly basis would pay $2.1 million per month, including 55,000 sq ft, an east and west wing, six levels of residence, 132 rooms and 35 bathrooms.

The White House was built by Irish architect, James Hoban, between 1792-1800. James Hoban also designed numerous buildings such as the Octagon House, in Washington DC, and also some roads and bridges in the city.

The first president and founding father to live at the White House was president John Adams, a leader of the American Revolution. Following him, him every president has lived at the White House.

Currently, President Donald Trump is at the White House, 1600 Pennsylvania Avenue, perhaps the most famous address in the world.

 However, the market value of the White House fluctuates along with the housing market. For example, during 2016, the White House was priced for sale at $90 million.

Continuous changes and additions to the White House have also caused fluctuating price changes over the years. Changes such as the reconstruction on the attic, and addition of a second-floor balcony also the addition of the repositioning of the grand staircase. And it nearly burned down in 1814, when during the War of 1812, when the invading British set fire to it.


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