California state officials have declared 2,000 homes are in "immediate danger" from the Carr and Mendocino Complex wildfires, and more than 13,000 are currently near active fire, per Zillow.
In the counties directly impacted by these fires, home value growth is slowing down, writes Zillow economic data analyst Matthew Speakman. Homes currently at risk and close to the Carr Fire have a median value of $316,000, while homes near the Mendocino Complex Fire have a median value of $217,500. The silver lining for displaced residents, he writes, may be that inventory is actually increasing, or at least, not decreasing in these counties.
Combined, the fires have scorched more than 630,000 acres, an area almost as large as the state of Rhode Island. Four people have died, almost 1,400 homes have been destroyed and another 200 significantly damaged. Zillow’s broad look at these regions and found that more than 13,000 homes exist in census tracts that currently contain active fire activity.
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