realestate

Flooding's Impact on Home Values Examined in Shore Acres Study

Hurricane Milton's impact: St. Petersburg neighborhood values fell, while less flood-prone areas saw increases.

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n the aftermath of Hurricane Helene, property values in St. Petersburg's low-lying neighborhoods like Shore Acres plummeted due to extensive damage and flooding. In contrast, areas less susceptible to flooding saw a surge in property values as they became more desirable.

Researchers examine flooding's effect on home values in Shore Acres neighborhood study.