Report: Rising Sea Levels Cost Mississippi $263 Million in Home Values
"Rising sea levels have cost home values over $263 million in Mississippi with the hardest hit areas located along the Gulf Coast – including Bay St. Louis, Pass Christian, Kiln and several other nearby towns and cities," reports Alex Rozier.
Those are the findings of a report by First Street Foundation [pdf], a nonprofit that studies flood risk in the United States. "The organization’s new work also includes a tool, Flood iQ, that lets Gulf Coast residents look up their address to see exactly how much value their home has lost," according to Rozier. "The tool also includes forecasts for how much more value homes may lose in the next 15 years."
The article includes more details on the methodology of the report as well as geographic specifics on the findings.
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