"In the Miami area, where nearly a third of homes face flood risk, nearly 70,000 more people moved away than moved in last year, according to a new report from Redfin. In Houston, the domestic outflow was more than 30,000 people; in Brooklyn, where around a quarter of homes face flood risk, around 28,000 more people left than moved in."
"The team looked at the highest-risk counties for flooding, where the biggest percentages of homes face flood risk, using climate risk scores from First Street, and then compared those to the lowest-risk counties. High-risk counties were losing more people, and low-risk counties were gaining them. (The caveat: because of international immigration, places like Houston and Miami didn't see net population loss last year-Redfin's data focuses only on domestic moves.)"
"Climate risk obviously isn't the only reason that people move. Cost is another major factor, as the price of housing has gone up in places like Miami. But in a Redfin survey, "concern for natural disasters or climate risks in my previous area" was the most common reason cited by Florida residents for a move. In some cases, people who moved may have lost their homes in a disaster. Others may be struggling with the rising cost of insurance premiums."
Nearly 70,000 more people moved away from the Miami area last year, roughly 30,000 left Houston, about 28,000 departed Brooklyn, and Pinellas County lost around 4,000 residents to other parts of the state or country. Counties with the highest percentages of homes at flood risk experienced net domestic outflow, while low-flood-risk counties saw net inflow. International immigration masked population declines in some large metros. Motivations include flood and disaster exposure, rising housing prices, and increased insurance premiums; some moves followed home losses in disasters, and many relocations were to nearby lower-risk areas.
Read at Fast Company
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