Thinking About Moving? Remember To Consider This Climate Threat, Which Is Driving Thousands Out of These Major US Metros

Core Insights - A significant trend has emerged where more Americans are relocating away from high flood-risk areas, with nearly 30,000 people moving to safer locations in the past year, marking the first net outflow since 2019 [2][3] - Low-risk flood counties have seen a net influx of just under 36,000 residents, indicating a shift in domestic migration patterns towards safer environments [2][3] Migration Trends - Redfin's analysis highlights that counties with the highest flood risk, where 23.7% to 99% of homes are at risk, are experiencing more residents leaving than moving in [3][7] - The largest population losses were recorded in Miami-Dade County, Florida, with over 67,000 residents leaving, followed by Harris County, Texas, and Kings County, New York, each losing around 30,000 residents [4][8] Economic Implications - Homeowners in flood-prone areas face rising insurance premiums and potential declines in property values, which can deter buyers and affect resale demand [5][7] - A Miami-area real estate agent reported that homeowners insurance and flood insurance costs have surged significantly, from $2,000 and $400 to $6,700 and $1,250 respectively, contributing to the outflow of residents [9] Demographic Shifts - The counties with the largest domestic exoduses are located in states such as Florida, Texas, New York, New Jersey, Louisiana, Virginia, and Alaska, reflecting a broader trend influenced by climate risks and economic factors [4][8] - Hudson County, New Jersey, experienced a loss of 12,735 residents, while other counties around New Orleans and along the Texas-Mexico border also reported significant outflows [8][9] Public Sentiment - Surveys indicate that 80% of Americans consider climate risks when house hunting, although fewer actively seek homes in lower-risk areas, suggesting a complex relationship between awareness and decision-making [11]