Impact Investing

These 10 cities could lose $34 billion-plus in housing to coastal floods by 2050

PickStock | E+ | Getty Images

Within three decades more than 386,000 homes in coastal areas of the U.S. will be at risk of permanent submersion or regular flooding due to climate change, according to a recent study by real estate website Zillow and nonprofit weather news site Climate Central.

About 40 percent of the American population may be affected to some degree. Those residences are collectively worth nearly $210 billion in 2018 dollars, according to Zillow; in the top 10 cities likely affected, losses could total more than $34 billion. Things look even more grim further out in time: By 2100 some 2.5 million homes nationwide, worth about $1.3 trillion altogether, could be at risk if the scientific data and resulting computer models are correct.

Here are the 10 cities predicted to be worst affected by 2050, along with the amount of local housing affected by flooding and its value.

Source: Zillow.com

10. Virginia Beach, Virginia

Sky Noir Photography by Bill Dickinson | Moment | Getty Images

Total value of housing in risk zone: $1,046,508,894 (By 2100: $9,468,757,353)
Share of housing in risk zone: 1.3 percent (By 2100: 17.3 percent)
Housing count in risk zone: 1,887 (By 2100: 24,692)
Share of total housing value in risk zone: 2.2 percent (By 2100: 20 percent)

9. Boston

Boston, Massachusetts
DenisTangneyJr | E+ | Getty Images

Total value of housing in risk zone: $1,151,043,082 (By 2100: $35,084,609,593)
Share of housing in risk zone: 0.7 percent (By 2100: 22 percent)
Housing count in risk zone: 833 (By 2100: 25,923)
Share of total housing value in risk zone: 1.1 percent (By 2100: 33.5 percent)

8. Stockton, California

Denis Jr. Tangney | E+ | Getty Images

Total value of housing in risk zone: $1,696,419,875 (By 2100: $5,441,951,253)
Share of housing in risk zone: 5.9 percent (By 2100: 22 percent)
Housing count in risk zone: 4,415 (By 2100: 16,552)
Share of total housing value in risk zone: 7.3 percent (By 2100: 23.4 percent)

7. Seattle

Seattle, Washington
Matteo Colombo | DigitalVision | Getty Images

Total value of housing in risk zone: $2,164,936,680 (By 2100: $2,752,414,258)
Share of housing in risk zone: 0.8 percent (By 2100: 1 percent)
Housing count in risk zone: 1,491 (By 2100: 1,894)
Share of total housing value in risk zone: 1.3 percent (By 2100: 1.6 percent)

6. Long Beach, California

Long Beach, California
Mine Beyaz | Moment | Getty Images

Total value of housing in risk zone: $2,169,035,241 (By 2100: $6,924,518,935)
Share of housing in risk zone: 1.7 percent (By 2100: 5.8 percent)
Housing count in risk zone: 1,580 (By 2100: 5,284)
Share of total housing value in risk zone: 3.5 percent (By 2100: 11.2 percent)

5. Charleston, South Carolina

Charleston, South Carolina
Tetra Images | Tetra images | Getty Images

Total value of housing in risk zone: $2,194,053,387 (By 2100: $10,617,186,228)
Share of housing in risk zone: 5.9 percent (By 2100: 38.6 percent)
Housing count in risk zone: 2,650 (By 2100: 17,437)
Share of total housing value in risk zone: 10.2 percent (By 2100: 49.4 percent)

4. Miami Beach, Florida

Joe Polillio | The Image Bank | Getty Images

Total value of housing in risk zone: $2,920,635,593 (By 2100: $37,604,140,241)
Share of housing in risk zone: 10.8 percent (By 2100: 85.2 percent)
Housing count in risk zone: 5,177 (By 2100: 40,730)
Share of total housing value in risk zone: 6.5 percent (By 2100: 84.1 percent)

3. New York City

New York, New York.
Sir Francis Canker Photography | Moment | Getty Images

Total value of housing in risk zone: $3,905,220,573 (By 2100: $87,307,101,711)
Share of housing in risk zone: 0.5 percent (By 2100: 7 percent)
Housing count in risk zone: 6,259 (By 2100: 95,210)
Share of total housing value in risk zone: 0.3 percent (By 2100: 6.4 percent)

2. Newport Beach, California

Ron_Thomas | E+ | Getty Images

Total value of housing in risk zone: $5,276,358,560 (By 2100: $16,237,386,190)
Share of housing in risk zone: 6.4 percent (By 2100: 18 percent)
Housing count in risk zone: 1,861 (By 2100: 5,205)
Share of total housing value in risk zone: 6.6 percent (By 2100: 20.2 percent)

1. San Mateo, California

David Wall Photo | Lonely Planet Images | Getty Images

Total value of housing in risk zone: $11,926,104,726 (By 2100: $14,592,425,181)
Share of housing in risk zone: 34.2 percent (By 2100: 41.6 percent)
Housing count in risk zone: 8,951 (By 2100: 10,890)
Share of total housing value in risk zone: 28 percent (By 2100: 34.3 percent)