According to the 2017 CoreLogic Storm Surge Report, around 6.9 million homes near the U.S. coasts are at risk of damage from hurricane storm surge flooding. The homes have a cumulative value of $1.5 trillion.
Florida has, by far, the most homes that are extreme and very high risk. Louisiana, Texas, New Jersey, and New York are among the other states that have the most homes at risk.
The National Oceanic and Atmospheric Administration predicts 12 storms for 2017, six of which are could develop into hurricanes.
A lower category storm that makes landfall in a highly populated area can be more catastrophic than a Category 5 storm that hits a small, sparsely populated town or undeveloped coastline.
Advertisement
Related Stories
Market Data + Trends
Vacation and Investment Home Market Insights
A recent report finds beach homes to be the most sought-after vacation-home type and that the investment potential of a second home is an important factor in the purchasing decision
Affordability
How Much Income Do First-Time Buyers Need to Afford the Average Home?
The median-priced home is unaffordable in 44 of the 50 largest U.S. metro areas
Affordability
What Is the Relationship Between Urban vs. Suburban Development and Affordability?
A new paper from Harvard's Joint Center looks at whether expanding the supply of suburban housing could, in turn, help make dense urban areas more affordable