How does flooding affect home values? New report looks at Shore Acres

A new report shows that home values in St. Petersburg’s Shore Acres neighborhood have fallen in the wake of repeated flooding, most recently from Hurricane Milton, while properties in nearby, less flood-prone areas have increased in value. The findings highlight how rising flood risks and storm damage are directly influencing the real estate market, discouraging some homeowners and buyers, while underscoring the growing importance of climate resilience in property values. For more information click here.