Residential
Real Estate News
Hurricane Michael Poses Storm Surge Damage Risk to 57,000 Florida Homes

Hurricane Michael Poses Storm Surge Damage Risk to 57,000 Florida Homes


Reconstruction Cost Value of all homes in hurricane path totals $13.4 billion

According to new research by CoreLogic, over 57,002 homes in the Florida Gulf Coast with a reconstruction cost value (RCV) of approximately $13.4 billion are at potential risk of storm surge damage from Hurricane Michael based on its projected Category 3 status at landfall.

The table below indicates the total number of homes with exposure to storm surge risk given the current path of the storm, and the RCV figures assume 100 percent destruction of all at-risk homes - and represents the worst case scenario.

WPJ News | Total Number and RCV of Residential Properties at Risk of Hurricane Michael Storm Surge Damage

These figures reflect the Core-Based Statistical Areas (CBSAs) located along the Florida coast that could potentially be affected.

Hurricane-driven storm surge can cause significant property damage when high winds and low pressure cause water to amass inside the storm, releasing a powerful rush over land when the hurricane moves onshore.



Sponsored by

Comment with Facebook


Copyright 2010 - 2018 WORLD PROPERTY JOURNAL, INC. All Rights Reserved.
Advertisement
News Search
Go


Luxury Property Spotlight

Reader Poll

Advertisement
Featured International Listings
×
WORLD PROPERTY JOURNAL
 
Free News Alerts
 

Sign up now to receive the latest local & global real estate news in your inbox.

GO