Home owners in highest-risk cities have more equity, longer home-ownership tenures.
ATTOM Data Solutions, was out Thursday with its 2017 U.S. Natural Hazard Housing Risk Index, which showed that the value homes that faced the greatest risk from natural hazards rose twice as fast as those with minimal risk.
The findings were not surprising given that homes near recreational amenities such as ocean beaches are more desirable and expensive than their counterparts in landlocked subdivisions surrounded by strip malls. But the analysis also considered homes in areas prone to tornadoes and earthquakes.
In technical terms, the analysis found that median home prices in U.S. cities in the 80th percentile for natural hazard risk (the top 20% with highest risk) have increased more than twice as fast over the past five years and over the past 10 years than median home prices in U.S cities in the 20th percentile for natural hazard risk (bottom 20 percent with lowest risk).