A Baltimore Sun article (2017-10-28) reported on data analysis done by the real estate firm Zillow that shows Maryland is set to lose 61,548 homes due to sea level rise. The aggregate value of the lost homes is around $ 19 billion. For the analysis, Zillow counted a home as “submerged” if its ground floor would be flooded if sea levels rise six feet by 2100. The article noted the federal government has released projections on sea level rise ranging from one foot to eight feet. The Zillow analysis was based on average global sea level rise and did not factor in specific local coastal conditions. From the article:
Salisbury would be the community hit hardest in the state, and among the 10 hit hardest in the nation. The Eastern Shore city would lose nearly a quarter of its homes to rising sea levels. Two thirds of those homes would be in the middle and bottom tiers of home values, Zillow found.
The Baltimore area would lose 12,122 homes, or a total of $5 billion in real estate value, Zillow reported. More than three quarters of those homes would be in the middle and top two tiers of home values. The Baltimore-area communities that would have the most submerged homes include:
- 1,389 homes in Middle River
- 1,031 homes in Dundalk
- 938 homes in Baltimore
- 844 homes in Grasonville
- 783 homes in Edgemere
- 778 homes in Annapolis
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