California has 477,039 homes in areas at “high” or “very high” risk of wildfire hazard, Zillow reports.
The homes together are valued at $268.2 billion, and cost $550,000 on average, including the land.
Zooming into the metro level, Zillow analyzed the wildfire risk to homes in four areas: Los Angeles, Riverside, San Diego and Sacramento.
Among those four, Riverside has the most at-risk homes — 113,520 — while the homes at risk in the Los Angeles area have by far the highest average value at more than $1 million.
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development