As the 2016 storm season opens, CoreLogic says South Florida still has more property at risk of storm surge than any metro area but New York.
In the Miami-Fort Lauderdale-West Palm Beach metro area, CoreLogic counts 780,842 low-lying homes with a reconstruction value of $144 billion that are in danger of flooding during a storm. Of those houses, 75,903 are at “extreme” risk, meaning they could be inundated even by a Category 1 storm. One caveat: Those numbers have shifted significantly since last year, suggesting that estimating storm surge is an inexact science.
In all 6.8 million homes worth $1.5 trillion are in the path of potential flooding from storms in the Atlantic and Gulf, CoreLogic says.