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Hurricane Devastation is Destroying the Land Market of This City

Hurricane Devastation is Destroying the Land Market of This City

Hurricane Devastation is Destroying the Land Market of This City

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50. Norwalk, CT

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49. South Portland, ME

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48. Norwich, CT

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47. Waterbury, CT

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46. Wilson, NC

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45. Pharr, TX

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44. Palm Coast, FL

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43. Salisbury, MD

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42. Ormond Beach, FL

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41. Victoria, TX

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40. Lafayette, LA

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39. Summerville, SC

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38. Lake Charles, LA

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37. Huntsville, TX

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36. Goose Creek, SC

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35. Enterprise, AL

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34. New Bern, NC

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33. Beaumont, TX

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32. New Iberia, LA

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31. Mount Pleasant, SC

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30. South Bradenton, FL

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29. Pooler, GA

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28. Pensacola, FL

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27. Brownsville, TX

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26. Golden Gate, FL

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25. Fort Pierce, FL

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24. Gulfport, MS

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23. Palm City, FL

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22. Merritt Island, FL

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21. Myrtle Beach, SC

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20. Wilmington, NC

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19. Mobile, AL

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18. Navarre, FL

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17. Lehigh Acres, FL

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16. North Port, FL

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15. Corpus Christi, TX

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14. Concord, NH

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13. Hinesville, GA

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12. Panama City, FL

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11. Hilton Head Island, SC

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10. Port Charlotte, FL

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9. Jacksonville, NC

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8. Daphne, AL

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7. Houma, LA

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6. Wright, FL

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5. Vero Beach South, FL

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4. Torrington, CT

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3. Statesboro, GA

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2. Key West, FL

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1. Kingsville, TX

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Hurricane Devastation is Destroying the Land Market of This City
50. Norwalk, CT
49. South Portland, ME
48. Norwich, CT
47. Waterbury, CT
46. Wilson, NC
45. Pharr, TX
44. Palm Coast, FL
43. Salisbury, MD
42. Ormond Beach, FL
41. Victoria, TX
40. Lafayette, LA
39. Summerville, SC
38. Lake Charles, LA
37. Huntsville, TX
36. Goose Creek, SC
35. Enterprise, AL
34. New Bern, NC
33. Beaumont, TX
32. New Iberia, LA
31. Mount Pleasant, SC
30. South Bradenton, FL
29. Pooler, GA
28. Pensacola, FL
27. Brownsville, TX
26. Golden Gate, FL
25. Fort Pierce, FL
24. Gulfport, MS
23. Palm City, FL
22. Merritt Island, FL
21. Myrtle Beach, SC
20. Wilmington, NC
19. Mobile, AL
18. Navarre, FL
17. Lehigh Acres, FL
16. North Port, FL
15. Corpus Christi, TX
14. Concord, NH
13. Hinesville, GA
12. Panama City, FL
11. Hilton Head Island, SC
10. Port Charlotte, FL
9. Jacksonville, NC
8. Daphne, AL
7. Houma, LA
6. Wright, FL
5. Vero Beach South, FL
4. Torrington, CT
3. Statesboro, GA
2. Key West, FL
1. Kingsville, TX

Hurricane Devastation is Destroying the Land Market of This City

Around six hurricanes rage across the world each year, but as climate change worsens, they are becoming much more destructive. While hurricanes have always been a global threat, they are more intense than ever before. Today's hurricanes are traveling more slowly, but they are also much stronger and leave greater damage in their wake.

According to the National Oceanic and Atmospheric Administration, hurricanes are created by a rotating, organized system of clouds and thunderstorms that originate over tropical or subtropical waters. Intense winds of more than 74 miles per hour convert a tropical storm into a hurricane. Devastating torrents of destruction are unleashed on anything in their path, which is why hurricanes are responsible for a drop in land value in certain cities. (This is the costliest hurricane in U.S. history.)

Hurricanes can strike anywhere from June 1 to November 30. Coastal cities, especially those near the Atlantic Ocean, Caribbean Sea, and Gulf of Mexico, are more at risk. But cities within the path of trade winds and jet streams are also at risk, as are ones with frequent tropical wave activity. (Everyone needs to know these crucial hurricane survival tips.)

To determine the cities where hurricanes have caused a drop in land value, 24/7 Tempo reviewed data on natural hazard risk for U.S. census tracts from the March 2023 FEMA National Risk Index dataset. Cities were ranked based on the total historic loss ratio due to hurricanes from 1996 to 2019. The total historic loss ratio is the combined sum of the percentage of agriculture value lost due to hurricanes from 1996 to 2019 and the percentage of building value lost due to hurricanes from 1996 to 2019.

Data was aggregated from the census tract level to the place level using boundary definitions for 2023 from the U.S. Census Bureau. Supplemental data on population is from the U.S. Census Bureau’s American Community Survey. Only cities with at least 25,000 residents were considered. (Check out these hurricanes that made it up to 500 miles inland.)

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