Minority Homeowners Face Disproportionate Climate Risks That Could Exacerbate Inequality
Homeowners of color are more likely to face major climate hazards — and the rising costs that come with them.
Climate Risk
Homes with Extreme Climate Risk Face Slower Sales, Bigger Discounts
Zillow research shows homes with extreme risk of flood and fire have a lower probability of being sold and a lower sales price compared to initial list price.
Home Buyers Are Paying More Attention to Flood Risk, But Not Other Climate Events
Evidence now suggests that while climate risks may not have dented demand for housing, they may be taking more of an active role in buyers’ and lenders’ decision-making processes.
Drought-Resistant Terms Doubled in California, Arizona Listing Descriptions
Mentions of drought-resistant features in home listing descriptions roughly doubled in California and Arizona during the recent drought, and have yet to return to pre-drought levels.
Young adults and people who live in coastal metros are the most likely to anticipate their lives will be affected by climate change. And more than half of people ages 18 to 34 could get behind anything but raising taxes to relocate at-risk communities – although they favored that option more than other age groups.
802,555 Homes at Risk of 10-Year Flood Inundation by 2050
In a third of all coastal states, new housing is being built faster in 10-year flood risk zones than in non-risk zones.
