Monday, June 18, 2018
Business

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

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