Americans are abandoning areas of high flood risk in significant numbers, according to research by the First Street Foundation.
Climate Abandonment Areas account for more than 818,000 Census Blocks and lost a total of 3.2 million-plus residents due to flooding from 2000 to 2020, the study found. Analysts combined historic population change trends with flood risk data, identifying climate migration patterns in areas with high flood risk across the U.S.
In the next 30 years, current Climate Abandonment Areas are projected to lose 2.5 million more residents due to flood risk. Emerging Climate Abandonment Areas are expected to soon reach a tipping point and are projected to lose five million residents, 24% of their population, by 2053.
Those left behind in abandonment areas will likely be people of modest means who cannot afford to leave.
Related Stories
Student Housing | Apr 23, 2024
Student Quarters selected to manage 502-bed student housing community
Student Quarters, a leading student housing owner and management company, announces the newest addition to its portfolio: The Armory Sam Houston Apartments.
MFPRO+ News | Apr 18, 2024
Marquette Companies forms alliance with Orion Residential Advisors
Marquette Companies, a national leader in multifamily development, investment, and management, announces its strategic alliance with Deerfield, Ill.-based Orion Residential Advisors, an integrated multifamily investment and operating firm active in multiple markets nationwide.
Student Housing | Apr 17, 2024
Student housing partnership gives residents free mental health support
Text-based mental health support app Counslr has partnered with Aptitude Development to provide free mental health support to residents of student housing locations.
MFPRO+ News | Apr 15, 2024
Two multifamily management firms merge together
MEB Management Services, a Phoenix-based multifamily management company, and Weller Management, a third-party property management and consulting company, officially merged to become Bryten Real Estate Partners—creating a nationally recognized management company.
MFPRO+ News | Apr 12, 2024
Legal cannabis has cities grappling with odor complaints
Relaxed pot laws have led to a backlash of complaints linked to the odor emitted from smoking and vaping. To date, 24 states have legalized or decriminalized marijuana and several others have made it available for medicinal use.
Multifamily Housing | Apr 12, 2024
Habitat starts leasing Cassidy on Canal, a new luxury rental high-rise in Chicago
New 33-story Class A rental tower, designed by SCB, will offer 343 rental units.
MFPRO+ News | Apr 12, 2024
Greystar becomes top apartment owner, manager, and developer in 2024
One firm set records for this year’s National Multifamily Housing Council Top 50 roundup of multifamily firms. Greystar now sits at number one in the NMHC’s lists for top apartment owner, manager, and developer in 2024.
Student Housing | Apr 12, 2024
Construction begins on Auburn University’s new first-year residence hall
The new first-year residence hall along Auburn University's Haley Concourse.
MFPRO+ News | Apr 10, 2024
5 key design trends shaping tomorrow’s rental apartments
The multifamily landscape is ever-evolving as changing demographics, health concerns, and work patterns shape what tenants are looking for in their next home.
