The WPJ
Residential Real Estate News
668,052 Florida Homes at Risk of Storm Surge Damage from Hurricane Dorian, Totaling $145 Billion in Reconstruction Value
According to CoreLogic's latest data estimates, 668,052 single-family and multifamily homes along the east coast of Florida with a reconstruction cost value (RCV) of approximately $144.6 billion are at potential risk of storm surge damage from Hurricane Dorian based on its projected Category 3 status at landfall. These estimates are based on the Thursday, August 29 National Hurricane Center 5:00 p.m. EDT forecast.
As Hurricane Dorian approaches Florida, its path will become more certain and the below metropolitan areas at risk will narrow.
As Hurricane Dorian approaches Florida, its path will become more certain and the below metropolitan areas at risk will narrow.
The table above indicates the total number of homes with exposure to storm surge damage 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.
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.
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