REAL ESTATE

The Candidates’ Homes

Evaluating the real estate of White House hopefuls.

Photos (clockwise from top left): Don Carrington , 2211camelback.com, AP (3)
(Clockwise from top left) The Edwardses' property in Chapel Hill; the Phoenix condo tower where McCain lives in two units; the Romneys' lakeside retreat; the Obamas' home near the University of Chicago; and the Clintons' New York state address
 

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Like many of us, presidential candidates are heading home for the holidays—retreating to their primary residences, where they already rule. And as the saying goes, a man (or woman's) home is his castle. With multiple multimillionaires in the presidential race, some of the candidates' homes are ritzy indeed. To get a price check on what their houses cost, we tapped real estate comparison sites like Cyberhomes.com, Trulia.com and Zillow.com. What we found: with the exception of Mike Huckabee, the Republicans generally live more handsomely than those in the rival party. Still, the leading Democrats aren't exactly slumming it. Which candidate can best relate to the "common man"? You decide.

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Hillary Clinton
When the Clintons moved out of the White House in 1999, they paid $1.7 million to move into a five-bedroom, four-bathroom circa 1889 house in Chappaqua, N.Y., a woodsy Westchester suburb. (Although their post-Monica debts forced the Clintons to ask Democratic fund raiser Terry McAuliffe to guarantee their original loan, lucrative speaking engagements and Hillary's book deal enabled the couple to buy a second home in D.C. 16 months later for $2.85 million.) How does the Clintons' Chappaqua home compare to those of their neighbors? It's not the priciest in the 10514 ZIP code. Nearby homes are up for sale at $2 million or more, while a typical house in the area goes for $1.2 million.

Barack Obama
In 2005 Obama and his wife Michelle, an administrator at the University of Chicago Hospitals, spent almost as much as the Clintons, $1.65 million, on a Georgian-revival home surrounded by a wrought-iron fence in Kenwood, a landmark district on Chicago's South Side. But the Obamas' ZIP code, 60615, is more modest than Hillary and Bill's, with about half as many online listings in the $2 million-plus range. Local average: $328,000. Obama's biggest brand-name supporter, Oprah, lives on the pricier North Side.

John Edwards
The Edwardses handsomely outdo both their neighbors and Democratic rivals. In January the family moved into a $6 million 102-acre estate in Chapel Hill, N.C. The spread includes an indoor recreation area with a swimming pool as well as basketball and squash courts. The area (ZIP code 27516) is relatively inexpensive, though, with an average home price tag of just $366,000.

Rudy Giuliani
About five years ago Rudy and Judith Giuliani paid $5.25 million for a nine-room prewar co-op on the Upper East Side of Manhattan (ZIP code 10021), where home values average $1.5 million. Add in their $3 million Hamptons escape, and Rudy's real estate holdings beat out the Edwardses. The Giulianis also have more high-profile neighbors. New York City's current mayor, Michael Bloomberg, and News Corp.'s Rupert Murdoch own apartments nearby.

Mitt Romney
The multimillionaire has plenty of relaxation spots to choose from. He owns a ski lodge near Park City, Utah, and a $10 million estate in rural New Hampshire boasting a boat, a stable that's been transformed into a guest house and a contemporary six-bedroom house overlooking Lake Winnipesaukee. But his primary residence is in Belmont, the Boston suburb where he moved with his wife, Ann, in 1971. Their ZIP code, 02478, boasts an average home value of $681,000. The Romneys' six-bedroom colonial is, however, worth nearly three times the area average, at $1.8 million.

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Member Comments

  • Posted By: hope-3 @ 03/03/2008 9:13:43 AM

    Bush jr was a professional lofer until the age of 40.Virtually everything he has was given to him by his parents.Some say his biggest gift from his parents was the presidency?

  • Posted By: LONG ISLAND MOM @ 02/16/2008 6:17:19 PM

    I live in a home in Connecticut valued at $,800,000,with 5 bedrooms and 4.5 bathrooms(3 are luxurious whirlpool baths) and a lot of other so called "high end" features,my son in "Los Angeles" lives in a comparably priced home ,which is a Craftsman bungalow,built in 1928.My daughter has a one bedroom "closet" in Manhattan which she paid the same amount for.I lived on Long Island,for 35 years, where you would get little more than a shack for what Huckabee's house cost in Arkansas,but I'm sure his home is very nice.All this is to say that prices of real estate are "What the traffic will bear".And I believe Barack Obama bought his home recently after many years of paying off student loans he and his wife accumulated from their Ivy League education-plus reading somewhere that his wife's salary alone is about $212,000 per year.And finally----emmarcee ,you are a nitwit!!!

  • Posted By: emmarcee @ 02/15/2008 3:27:50 PM

    Obama's zip code is what 60 615?.. hmm that is the closest I had on 666.

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