T
rillions of dollars' worth of US real estate is at risk from climate-related disasters, according to a new analysis by Zillow. The total value of homes with major wind risk stands at $17 trillion, equivalent to more than half of the country's GDP. Homes with major fire risk are valued at $9.1 trillion, while those with major flood risk are worth $7 trillion.

    Eleven major metro areas have at least $100 billion in residential real estate at high risk of fire, with six of them located in California. The Los Angeles metro area has the highest total value of homes at risk from fires, at $831 billion. New York City stands out as the top market for flood and extreme wind risks, with a total value of homes at risk exceeding $1 trillion.

    Despite the high risk, many desirable areas remain popular among homebuyers, often commanding higher prices. For example, homes with extreme flood risk have a median list price 22% higher than those with minor risk scores. Similarly, homes with extreme fire risk have a median list price 49% higher than those with minor fire risk.

    Home shoppers can explore climate risk data on Zillow's search map and for-sale listings, which provide insights into five key risks: flood, wildfire, wind, heat, and air quality. This information helps buyers and sellers evaluate long-term factors affecting homeownership, such as safety, resilience, and costs.

    The following metro areas have significant values of homes at risk:

    * New York City: $68.6 billion (fire), $593 billion (flood), $3.031 trillion (wind)

    * Los Angeles: $831.4 billion (fire), $286.6 billion (flood)

    * Miami: $70 billion (fire), $579.7 billion (flood), $1.432 trillion (wind)

    * Dallas: $230.9 billion (fire), $60.9 billion (flood), $755.3 billion (wind)

    * Houston: $55.8 billion (fire), $261.4 billion (flood), $790.4 billion (wind)

    Homebuyers can use this information to make informed decisions when searching for a new home, and sellers can consider the risks when pricing their properties.