Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market

Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market

Primary Country: United States
Ecosystem: shores
Sample Value Estimates:
  1. $3,540: Increase in property value from a 1000 feet decrease in the distance to coastal water by 1,000 feet in Carteret County
  2. $11,598: loss in value from the mean property value ($163,9
  3. from being located in a floodplain
  4. $12,325: average price discount for being in a 100 year flood risk area
  5. $9,849: average price discount for being in a 500 year flood risk area
Methodology: Includes table comparing present value flood insurance premiums and house price differentials
Region: Americas / Atlantic
Data source: Primary

Publication information

Bin, O. Kruse, J.Landry, C. “Flood Hazards, Insurance Rates, and Amenities: Evidence From the Coastal Housing Market” Journal of Risk and Insurance, 75(1), 63-82., 2008

Information provided when available, for more information please visit the original database or PDF.