According to a new report from CoreLogic, South Florida has the most at-risk homes of a storm surge in the country, and that certainly includes plenty of housing in the Tampa-St. Pete-Clearwater metro area, as you may expect.
The release of the new report couldn’t come at a more appropriate time with this year’s hurricane season now in full swing, and according to the numbers, nearly 460,000 homes in the Tampa Bay region are considered to be located in an at-risk area.
Should the worst happen, it’s estimated that the reconstruction cost of the 459,275 homes in these at-risk areas is right around $80.8 billion, trailing only New York City in that category, which has a whopping reconstruction cost of $264.3 billion for all the at-risk properties there.
In the North Port-Sarasota-Bradenton area alone, approximately 254,900 homes are considered to be at-risk, which have a combined reconstruction cost value of $48 billion. But also noted in the report was that the number of homes at very high risk in that same area (homes affected by a category 2-5 hurricane) tallied just 50,616, which in some ways feels better despite still being a very high number.
Here in Tampa and the rest of Hillsborough County, the number of at-risk homes actually drops considerably, totaling just 40,923 homes with an estimated reconstruction cost value of $8.6 billion. In nearby Pinellas County, the number of at-risk homes jumps back up to 77,242, while Pasco County and Hernando County each have 21,454 and 6,633 at-risk homes respectively.