More than 42K California homes are at risk from rising sea levels: Zillow

Los Angeles /
Aug.August 02, 2016 12:00 PM

“Underwater” homeowners could soon actually have to reach for their snorkels.

Forget negative equity. A new report by Zillow.com shows homeowners in some parts of the country, including California, are in much graver danger from rising sea levels and the flooding that accompanies them. More than 42,000, or 0.44 percent, of all California homes are at risk, the report shows.Those properties are valued at a combined $49.2 billion.

“As we move through this century, homeowners will have to consider another factor when it comes to their homes — whether rising sea levels have any impact on them,” said Zillow chief economist Dr. Svenja Gudell. “It’s easy to think about how the ocean levels can affect the coasts in an abstract sense, but this analysis shows the real impact it will have on nearly two million homeowners who could lose their homes.”

Using data from the National Oceanic and Atmospheric Administration, Zillow identified the areas of the country most at risk. In California, properties in areas such as Huntington Beach, Newport Beach and Long Beach were identified as being in the most danger from rising sea levels.

Nationwide, almost 1.9 million homes, or roughly 2 percent of the total housing stock, are at risk of being underwater by 2100, which is when the sea levels are expected to have risen by six feet, it said. The highest risk state was Florida, where one in every eight properties is expected to be under water, representing more than $400 billion in value.


Related Articles

arrow_forward_ios
Citizen Rascoff. Spencer Rascoff is going into journalism publishing (Credit: Getty Images and iStock)

This just in: Zillow co-founder launches LA-focused tech industry news site

This just in: Zillow co-founder launches LA-focused tech industry news site
Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA

Zillow launches its high-stakes home-flipping business in LA
A map of area from the LA County Fire Department (Credit: Los Angeles County Fire Department Air Operations)

Getty fire remains only partially contained as officials brace for strong winds

Getty fire remains only partially contained as officials brace for strong winds
Zillow said Bruce Makowsky’s megamansion was sold. He says no, and sues listings giant

Zillow said Bruce Makowsky’s megamansion was sold. He says no, and sues listings giant

Zillow said Bruce Makowsky’s megamansion was sold. He says no, and sues listings giant
Who provides the more accurate home valuation: Zillow or Redfin?

Who provides the more accurate home valuation: Zillow or Redfin?

Who provides the more accurate home valuation: Zillow or Redfin?
Zillow expands home-buying program to Riverside, CA

Zillow expands home-buying program to Riverside, CA

Zillow expands home-buying program to Riverside, CA
Losing hand: Las Vegas’ Association of Realtors to end listing syndication

Losing hand: Las Vegas’ Association of Realtors to end listing syndication

Losing hand: Las Vegas’ Association of Realtors to end listing syndication
Which is better at valuing your home — you or a computer program?

Which is better at valuing your home — you or a computer program?

Which is better at valuing your home — you or a computer program?
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...