Florida Leads National Flood Risk
A new report from the Union of Concerned Scientist quantifies the future impact of high-tide flooding -- driven by sea level rise -- on coastal property values, and the results are staggering.
Florida leads the nation in the number of homes—along with property value and tax base —at risk of chronic flooding through the end of the century.
Click here to check out the video that says it all.
The report looks at flooding implications for the year 2045 - within the lifetime of a current mortgage. The UCS scientists used property value data from Zillow, combined with NOAA sea level rise projections to demonstrate the number and value of homes that will see high-tide flooding.
2045 -- If you buy a home today, 2045 is within the lifespan your 30-year mortgage.
64,000 -- The number of homes in Florida that face chronic flooding by the year 2045.
300,000 -- The number of homes nationwide, at risk of chronic flooding by 2045
One Million -- The number of Florida homes that will chronic flooding by 2100.
93% -- The percent of Florida’s at risk homes that could be saved if we meet the Paris Agreement.
At the ZIP code level, the Miami area, the Florida Keys, and Tampa-St. Petersburg are the most highly exposed regions within the next 30 years. By the end of the century, nearly 100 ZIP code areas in Florida could see properties chronically flooded that today represent 40 percent or more of their property tax base.
You can visit the UCS Story Map to see how your neighborhood might be affected by sunny-day flooding in the coming years by clicking here: (Story Map)
Florida's Housing Market Already Impacted
Bloomberg News reports that flooding is already impacting the housing market.
“Between 2007 and 2017, average home prices in areas facing the lowest risk of flooding, hurricanes and wildfires have far outpaced those with the greatest risk...Homes in areas most exposed to flood and hurricane risk were worth less last year, on average, than a decade earlier.” (Bloomberg)
Home owners and potential buyers are starting to consider climate change and sea-level rise as a major deciding factor when it comes to buying and selling.
The Sarasota Herald-Tribune warns, “As sea levels rise, Florida property values will sink,” in an article by Dale White, that also ran in several other newspapers, including the Lakeland Ledger and the Florida Times-Union.
What We Can Do
We Can Take Action Now to Prevent The Worst From Happening
The stakes are high, but the good news is that we can act now to prevent the worst-case scenario.
According to the report, if we meet the main goal of the Paris Agreement—capping warming to below 2 degrees Celsius—and there is limited loss of land-based ice, about 93 percent of Florida’s at-risk homes would avoid chronic flooding by the end of the century.
Knowing how much time we have before a significant flooding allows communities to start planning and implementing responses now, while they still have a range of options
You can make a difference. Join the conversation about how communities should prepare for rising seas. Click on the link below to learn more about our upcoming Tidal Town Halls where we will ask candidates directly about their positions on sea level rise issues.
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