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High-Flood-Risk U.S. Counties See Net Domestic Outflow, Redfin Finds

The shift reflects rising costs tied to climate risk.

Overview

  • From July 1, 2023 to July 1, 2024, 132 high-flood-risk counties lost a net 29,037 domestic movers, while low-risk counties gained 35,941.
  • Miami-Dade recorded the largest outflow with 67,418 more departures than arrivals, followed by Harris County at 31,165 and Kings County, Brooklyn, at 28,158.
  • Pinellas County, Florida, saw a net domestic loss of about 3,973 residents, as nearby lower-risk Pasco County drew roughly 20,000 newcomers.
  • Redfin cites flood exposure, rising housing costs, steep insurance premiums—Newsweek reports Miami’s average homeowners policy at $16,823—and higher building expenses after Florida’s safety reforms as key pressures.
  • International immigration offset domestic losses in several flood-prone metros, with Redfin noting Miami-Dade’s total population grew 2.3% to about 2.8 million.