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    Home»Insurance»Louisiana Parishes Top List of Riskiest US Housing Markets
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    Louisiana Parishes Top List of Riskiest US Housing Markets

    AuthorBy AuthorMay 30, 2023No Comments2 Mins Read
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    A pair of Louisiana parishes topped CoreLogic’s ranking of the most dangerous housing markets in the US based on the likelihood of a natural disaster.

    CoreLogic’s Climate Risk Analytics: Composite Risk Score (CRA Composite Risk Score) identified Plaquemines Parish as the area most at risk of property damage from natural disasters in 2023, stating that hurricanes and land floods as the main risk. Jefferson Parish is second on the list and faces the same top risk.

    The top 10 places are:

    1. Places called Plaquemines in Louisiana β€” (Primary Risks: Hurricane, Inland Flood)
    2. Jefferson, Louisiana β€” (Primary Risks: Hurricane, Inland Flood)
    3. Monroe, Florida β€” (Primary Risk: Hurricane)
    4. McMullen, Texas β€” (Primary Risk: Inland Flood)
    5. Orleans, Louisiana β€” (Primary Risk: Hurricane)
    6. Lincoln, West Virginia β€” (Primary Risk: Inland Flood)
    7. Camas, Idaho β€” (Primary Risk: Wildfire)
    8. Van Buren, Iowa β€” (Primary Risk: Inland Flood)
    9. Crockett, Texas β€” (Primary Risk: Inland Flood)
    10. Carter, Missouri β€” (Primary Risk: Inland Flood)

    CoreLogic’s methodology looks at the physical characteristics of homes, including year of construction, first floor height, number of stories and square footage. CoreLogic uses historical events to provide some indication of where natural hazard risks may be high and also relies on “climate change trends” to provide comprehensive data. to determine where the risk is highest.

    The CRA Composite Risk Score assesses natural disaster risks over the next 30 years under various future climate scenarios and projects these 10 areas to be the riskiest housing markets by 2050. The list varies. just from the current most dangerous areas.

    1. Places called Plaquemines in Louisiana β€” (Primary Risk: Hurricane)
    2. Jefferson, Louisiana β€” (Primary Risk: Hurricane)
    3. Monroe, Florida β€” (Primary Risk: Hurricane)
    4. Orleans, Louisiana β€” (Primary Risk: Hurricane)
    5. bed, green β€” (Primary Risk: Wildfire)
    6. Saint Bernard, Louisiana β€” (Primary Risk: Hurricane)
    7. McMullen, Texas β€” (Primary Risk: Inland Flood)
    8. Cameron, Louisiana β€” (Primary Risk: Hurricane)
    9. Hancock, Mississippi β€” (Primary Risk: Hurricane)
    10. Lincoln, West Virginia β€” (Primary Risk: Inland Flood)

    Photo: Boats sunk or damaged by Hurricane Ida are seen at a marina in Plaquemines Parish, La., Monday, Sept. 13, 2021. (AP Photo/Gerald Herbert)

    Topics
    USA Texas Louisiana

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