Bernanke lives in Washington’s Capitol Hill area in a four-bedroom, 2,600-square-foot house he bought new in May 2004 for $839,000. Almost four years later, it may not be worth any more, according to real estate records and local agents.
In an area of mostly brick row houses, some dating from the 19th century, Bernanke bought a new townhouse within Capitol Hill’s historic district.
That still leaves the homes of Bernanke and his neighbors worth about four times more than the median home price in the District of Columbia, as measured by S&P/Case-Shiller.
The District had been among the hottest real estate markets in the country, with its steady turnover of residents, proximity to government employers and fewer newly constructed homes than in the suburbs of Virginia and Maryland.