Here's how much it would cost to buy the White House

The White House is worth $397.9 million, according to real-estate listings firm Zillow.

The home of every US president except George Washington gained 15% in value during President Barack Obama's eight years in office, according to a release on Tuesday. Zillow said it first calculated the White House's worth in 2009 using a proprietary algorithm.

"President Obama's term coincided with a massive recovery of the US housing market, and that's reflected in the updated value of the White House," the release noted. 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."

In October, US home prices extended to their best levels since the financial crisis, according to the latest data from S&P/Case-Shiller.

Renting the 132-room building at 1600 Pennsylvania Avenue would set you back $2.08 million every month, according to Zillow. Zillow in fact has a listing page for the White House which shows off features including a fitness center, basketball court and controlled access.

Obviously, it's off the market, since President-elect Donald Trump effectively signed the lease in November. Trump will be moving from his equally luxurious digs in Trump Tower, New York.

Unlike many former presidents, the Obamas will live in Washington DC after they leave the White House later this week. Their new home, a 9-bedroom house in the nearby neighborhood of Kalorama, was sold for more than $5 million in 2014 according to CNN.

Zillow estimated that the Obama's monthly rent would be $22,000. Ivanka Trump and Amazon CEO Jeff Bezos will be close neighbors.

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Obama family's private White House living quarters
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Obama family's private White House living quarters
I am grateful and honored to be invited back to the White House today to finish documenting the rest of the #Obama private residence.
I just had to take this picture for @archdigest. How cool is it that our #potus and #flotus are listening to such soulful music on #vinyl?
One of the things I remember most is how much the staff at the White House really liked the #Obamas, especially Michelle. I will miss them.

U.S. President Barack Obama, first lady Michelle Obama and their daughters Sasha and Malia watch the World Cup soccer game between the U.S. and Japan, from the Treaty Room office in the residence of the White House, July 17, 2011.

(REUTERS/Official White House Photo/Pete Souza/Handout)

In this handout form the White House, U.S. first lady Michelle Obama (and Queen Silvia of Sweden meet in the Yellow Oval Room of the White House October 23, 2009 in Washington, DC. Queen Silvia was in the United States to mark the 10th anniversary of the World Childhood Foundation.

(Photo by Samantha Appleton/White House via Getty Images)

U.S. President Barack Obama and his daughters Malia and Sasha, watch on television as first lady Michelle Obama takes the stage to deliver her speech at the Democratic National Convention, in the Treaty Room of the White House in Washington September 4, 2012.

(REUTERS/White House/Pete Souza/Handout)

U.S. President Barack Obama speaks as he hosts a luncheon for bi-partisan Congressional leaders in the Old Family Dining Room at the White House in Washington, November 7, 2014. From L-R are House Minority Leader Nancy Pelosi, Speaker of the House John Boehner, Obama, Senate Majority Leader Harry Reid, Senate Minority Leader Mitch McConnell, Senator Chuck Schumer and Vice President Joseph Biden.

(REUTERS/Larry Downing)

Christmas trees and holiday decorations in the theme of, 'The Gift of the Holidays,' are seen in the Center Hall of the White House in Washington, DC, November 29, 2016.

(SAUL LOEB/AFP/Getty Images)

My sincerest thanks go out to @michaelsmithinc, @amytastley, @margaretrussell, @carolinairving and of course to @barackobama and @michelleobama for their vision. >> Read my #PhotographersNote on the @whitehouse link in bio.

NOW WATCH: Watch President Obama tear up while addressing Michelle in his farewell speech

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