Make us your home page
Instagram

30 percent of Tampa Bay homes face storm surge damage from low-level hurricane

Homes

Vulnerability to storms still high

Nearly 30 percent of Tampa Bay area homes are considered vulnerable to storm surge damage from even a low-level hurricane, according to an analysis by real estate research firm CoreLogic.

Almost 131,000 of the 445,000 properties in the bay area fall under the "extreme" risk category, which is susceptible to storm surge damage by even a Category 1 hurricane with wind speeds between 74 and 95 mph.

An additional 91,000 homes are in the "very high" risk zone, affected by Category 2 to 5 storms, with wind speeds of 96 mph and higher.

CoreLogic estimated the reconstruction value for properties in the extreme risk category at $24 billion. The total estimated reconstruction value of all properties would be about $79 billion.

Times staff

30 percent of Tampa Bay homes face storm surge damage from low-level hurricane 07/11/14 [Last modified: Friday, July 11, 2014 6:30pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Tampa is 15th-most popular city to move to with U-Haul

    Markets

    TAMPA —Tampa is undoubtedly a destination point, at least according to U-Haul.

    Tampa is the No. 15 destination for people moving with U-Haul trucks. | Times file photo
  2. Florida's economy growing faster than other big states and far better than U.S. overall

    Business

    When it comes to economic growth, Florida's running alongside the leading states and well ahead of the United States as a whole.

  3. Westshore Marina District project takes shape with another acquisition

    Real Estate

    TAMPA — One of Tampa Bay's prime waterfront areas took another major step toward redevelopment Friday as WCI Communities bought 2.35 acres in Westshore Marina District.

    WCI Communities, Lennar's high-end subsidiary,has paid $2.5 million for 2.35 acres in the Westshore Marina District for 35 townhomes. WCI is under contract  to buy an additional 9.5 acres.
[BTI Partners]
  4. Posh Guy Harvey RV park to open in Tampa Bay with $250,000 cottages

    Business

    HOLIDAY — Love those Guy Harvey T-shirts with the soaring marlins? In the not too distant future, you might be able to kick back in your own Guy Harvey cottage in the first-ever Guy Harvey RV park.

    Renderings of the clubhouse and an RV cottage site of the planned Guy Harvey Outpost Club & Resort Tarpon Springs.
[Guy Harvey Outpost Collection]
  5. Port Tampa Bay secures $9 million grant to deepen Big Bend Channel

    Business

    Port Tampa Bay has secured a $9 million grant from the U.S. Army Corps of Engineers for the widening and deepening of the Big Bend Channel in southern Hillsborough County.