The recent Climate Science Special Report from the U.S. Global Change Research Program anticipates that sea levels are "very likely" to rise 4.3 feet, and potentially by 8 feet or more this century.
39 percent of homes valued in the top third of their metro area are projected to be underwater, per Zillow's analysis. “... If top-tier markets mobilize and start to protect themselves, that will mean more and more businesses doing coastal protection work and flood resilience work, and hopefully as the market matures, prices [for protecting individual homes and whole communities] will come down...” said Benjamin Strauss, Climate Central's Vice President for Sea Level and Climate Impacts.
Nationwide, we found that 1.9 million homes worth a cumulative $916 billion could be underwater if seas rise 6 feet. (To be clear, sea levels are not expected to rise uniformly, but we chose a midpoint rather than differentiating sea level predictions for different coastal areas.)
Advertisement
Related Stories
Market Data + Trends
Housing Market Index Shows Builder Sentiment Continues to Rise
In March, builder confidence in the market for newly built single-family homes hit its highest level since July 2023
Building Materials
Building Materials Prices Saw Increases in February
Prices for gypsum, ready-mix concrete, and steel-mill products all rose during February, according to Producer Price Index data, while softwood lumber prices declined
Demographics
The State of Hispanic Homeownership
2023 saw a net gain of 377,000 Latino owner-households, the largest single-year gain in almost 20 years, a recent report finds