Ultimately, they foresee 1,663 current homes worth a total of $2.3 billion would be underwater. Most of those homes would probably be gone or remodeled for future generations (we hope).
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Zillow estimates that about 1 percent of existing homes in ME are at risk, with about 5,412 that would be put underwater by a six foot increase in sea levels. One in eight Florida homes, representing $413 billion in property value, could flood by the end of the century.
This damning study also pointed out that nearly 300 USA cities would lose at least half their homes, and 36 US cities would be completely lost.
Real estate website Zillow says 4,959 OR homes are at risk of sinking by 2100 due to rising sea levels.
However, the median value of those homes at risk of being victims of rising sea levels is $891,269, the highest in the nation. Either way, Zillow says that if left unchecked, the threats posed by climate change and rising sea levels have the potential to destroy housing values on an enormous scale.
Among coastal states, Pennsylvania, Oregon and California have the lowest share of homes at risk of being underwater. That’s 0.9 percent of all homes in Seattle.
Zillow® is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the place they call home, and connecting them with the best local professionals who can help. There’s still a lot of guesswork going on, cautions Zillow Chief Economist Svenja Gudell. Around 38,000 homes would be submerged in Fort Lauderdale, making it the hardest hit USA city.
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