Z
illow's new analysis reveals massive climate risks to U.S. residential real estate, with properties worth $17 trillion facing major wind risk, $9.1 trillion at major fire risk, and $7 trillion at major flood risk. Eleven major metro areas have residential real estate worth over $100 billion at major fire risk, with six in California. Los Angeles leads with $831 billion in fire-risk properties. The New York City metro area tops both flood risk ($593 billion) and wind risk ($3 trillion) categories, followed by Miami.

    Despite these risks, high-risk areas remain attractive to buyers, with homes in extreme flood-risk areas listing at 22% higher prices than low-risk properties, and extreme fire-risk homes commanding a 49% premium. Over 80% of home shoppers consider climate risks in their search, utilizing Zillow's climate risk data tools for informed decision-making.

    The New York City metro area has the highest total value of homes at major risk of flood and extreme wind, with $593 billion in flood-risk properties and $3 trillion in wind-risk properties. Miami follows closely behind, with $580 billion in flood-risk properties and $1.4 trillion in wind-risk properties.

    Home shoppers can explore climate risk data when browsing listings on Zillow, including insights into five key risks: flood, wildfire, wind, heat, and air quality. This information helps buyers and sellers better evaluate long-term factors affecting homeownership, such as safety, resilience, and costs.

    Zillow's analysis highlights the need for informed decision-making in home buying, particularly when it comes to climate risks. With trillions of dollars' worth of real estate vulnerable to these risks, buyers must consider the potential consequences of natural disasters and rising insurance costs.