Zillow recently posted a study calculating the number of homes that would be underwater by the year 2100. Florida in particular has a few concerns:
- If sea levels rise on track with NOAA’s data, by the year 2100 almost 300 U.S. cities would lose at least half their homes, and 36 U.S. cities would be completely lost.
- One in eight Florida homes would be under water, accounting for nearly half of the lost housing value nationwide.
- The median value of a home at risk of being underwater is $296,296. The value of the average U.S. home is $187,000.
Current estimates put 934,411 Florida homes underwater at this point. Zillow even offered a map of it’s listing per city, with Tampa’s map used above.
This chart below offers a summary of some of the most affected states.
Obviously a lot can happen before 2100 AD and as Zillow points out, despite natural disasters and hardships people love to live by the sea. This isn’t the typical underwater danger home owners usually worry about, but it is something to keep in mind moving forward.