Open in App
  • Local
  • U.S.
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • Axios Richmond

    Where Virginia homes face flood risk in next 30 years

    By Sami SparberSabrina Moreno,

    16 days ago

    Data: First Street Foundation; Map: Axios Visuals

    The share of Richmond properties with a significant risk of flooding is projected to increase by 7% in the next 30 years, according to the nonprofit First Street Foundation.

    • That could impact more than 5,100 city properties.

    Why it matters: An extreme flooding risk is likely to affect people's daily lives and threaten access to emergency services, per First Street .


    By the numbers: All Richmond-area localities face a projected increase in the number of homes facing flooding risk, but none are seeing more than a 5% jump, per the First Street data.

    • It's a different story for Virginians near the coastline, especially those in Hampton Roads and the Northern Neck.
    • York County has the biggest projected increase in the state at 62%, followed by Hampton (61%), Westmoreland (59%), Northumberland (55%) and Norfolk (53%).
    • Only 12 localities will face less flood risk. Most are in Southwest Virginia.

    State of play: Of the roughly 4,600 prospective homebuyers Zillow surveyed nationwide last spring, over 80% said they considered at least one climate risk when looking for a home.

    • In the South, it was 79%.

    Zoom in: Real estate websites have begun sharing more climate risk information with buyers and sellers.

    Threat level: Nearly 45% of U.S. homes face the risk of severe or extreme damage from environmental threats , according to a new report from Realtor.com.

    Between the lines : Climate change threatens to make homeownership more expensive, said Matthew Eby, First Street founder and CEO, at an SXSW panel last month.

    Go deeper: The climate change real estate bubble risks billions .

    Expand All
    YOU MAY ALSO LIKE
    Local Virginia State newsLocal Virginia State
    Most Popular newsMost Popular
    Comments / 0
    Add a Comment

    Comments / 0