Redfin Report: Detroit, Indianapolis and Buffalo Among the Least Disaster-Prone and Most Affordable Places to Live

Redfin Analysis Uses “Natural Disaster Hazard Score” to Rate the 50 Biggest U.S. Metro Areas by Frequency of Earthquakes, Fires, Floods, Tornadoes and Hurricanes

Seattle, WA – April 11, 2019 (PRNewswire) (NASDAQ: RDFN) — Providence, Rhode Island, Detroit, Michigan and Hartford, Connecticut are the least disaster-prone metro areas in the country, according to Redfin, (www.redfin.com), the technology-powered real estate brokerage. In a new report, Redfin rated the 50 biggest metro areas according to their relative frequency of five major types of natural disasters—earthquakes, fires, floods, tornadoes, and hurricanes—using a new metric called the “Natural Disaster Hazard Score.”

Each of the five components is measured on a scale of one to 100, where 100 is the most hazardous metro area for the category and one is the least hazardous. The overall Natural Disaster Hazard Score is an average of the five components’ frequencies.

Metros with low Natural Disaster Hazard Score ratings tend to have relatively affordable housing markets. Nine of the 10 least hazardous metro areas have median home prices below the $287,400 national median. Salt Lake City is the exception, ranking as the eighth-least hazard-prone metro area with a Natural Disaster Hazard Score of 16 and a median home price of $320,000.

Many of the most disaster-prone metros, including Washington, D.C. (52), Los Angeles (52) and New York (41), have home prices well above the national median. These three areas also tend to be near the top of Redfin’s list of origins common among online home-searchers looking to relocate to more affordable, inland housing markets, like Las Vegas, which ranks fourth among the safest-rated metros.

“When you buy a home you are paying for more than just the house,” said Redfin chief economist Daryl Fairweather. “There could be hidden costs associated with natural disasters. If a natural disaster strikes, you may have to pay for damage to your home or for the cost of evacuating your family. And even during times of calm, you may still need to pay for insurance against floods, fire, or earthquakes. Some homes in more hazardous areas might seem more affordable if you are just looking at the sticker price, but they may end up costing more when risks related to natural disasters are factored in.”

In addition to high home prices in cities like Washington, D.C., Los Angeles and New York, the likelihood of natural disasters may be another factor driving homebuyers away from the coasts. When hurricanes, fires, earthquakes and floods are factored into the equation, the affordable inland metros are even more attractive destinations.

Below is a ranking of the 50 largest metro areas from least-to-most hazard-prone, according to Redfin’s Natural Disaster Hazard Score:

RankMetro AreaNatural
Disaster
Hazard
Score
Median
Home
Price (Feb.
2019)
EarthquakesFiresFloodsTornadoesHurricanes
1Providence, RI9$255,000000044
2Detroit, MI10$125,000004107
3Hartford, CT11$196,0000012044
4Las Vegas, NV12$275,0000411207
5Milwaukee, WI14$190,0000036267
6Indianapolis, IN14$170,0000018467
7Buffalo, NY15$145,00002422028
8Salt Lake City, UT16$320,00003222260
9Raleigh, NC16$286,0000002656
10Nashville, TN16$279,0000029467
11Baltimore, MD18$250,0000047044
12Denver, CO20$400,00004829260
13Columbus, OH23$195,0000029787
14Cleveland, OH23$139,00000296028
15Phoenix, AZ24$267,0000486307
16Cincinnati, OH24$177,0000068467
17Boston, MA24$452,00002441056
18San Jose, CA25$1,040,00058372207
19San Diego, CA25$561,0000705107
20Louisville, KY26$182,0000075467
21Charlotte, NC27$235,00000224665
22Orlando, FL27$249,00004552660
23Pittsburgh, PA28$155,00000584635
24Richmond, VA28$232,00058018065
25San Francisco, CA30$1,280,00058325107
26Atlanta, GA30$235,00000510044
27Jacksonville, FL30$222,00004552674
28Tampa, FL30$225,00004352678
29Chicago, IL30$230,0000075707
30Virginia Beach, VA30$220,00000124694
31Miami, FL30$295,00003252690
32Sacramento, CA31$385,00058513607
33Seattle, WA33$547,0008108300
34Memphis, TN33$166,00000587828
35Philadelphia, PA33$190,00002968069
36St. Louis, MO33$165,00000100607
37Birmingham, AL34$189,000032296050
38San Antonio, TX34$218,00005641074
39Kansas City, MO35$200,00000757028
40Oklahoma City, OK37$174,00006751607
41Dallas, TX37$285,000063472650
42Portland, OR37$390,00081376800
43New Orleans, LA39$210,000006826100
44Minneapolis, MN40$265,00002491787
45Houston, TX41$232,000051682660
46Austin, TX41$296,000073582650
47New York, NY41$380,000037752669
48Riverside, CA47$366,00058967507
49Los Angeles, CA52$600,0001001005107
50Washington, D.C.52$380,0005829632682

To view the full report, complete with methodology and an interactive map, please visit: https://www.redfin.com/blog/natural-disaster-hazard-score-by-metro-area.

About Redfin

Redfin (www.redfin.com) is a technology-powered real estate brokerage, combining its own full-service agents with modern technology to redefine real estate in the consumer’s favor. Founded by software engineers, Redfin has the country’s #1 brokerage website and offers a host of online tools to consumers, including theRedfin Estimate, the automated home-value estimate with the industry’s lowest published error rate for listed homes. Homebuyers and sellers enjoy a full-service, technology-powered experience from Redfin real estate agents, while saving thousands in commissions. Redfin serves more than 85 major metro areas across the U.S. and Canada. The company has closed more than $85 billion in home sales.

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