Climate Shocks: $1.5T Home Value Loss by 2055

Climate change is forecasted to cause a substantial economic impact across the United States, with a projected loss of nearly $1.5 trillion in home values over the next three decades. This climate-driven phenomenon is also expected to exacerbate economic disparities within communities.

By 2055, insurance premiums for homeowners are predicted to increase by an average of 29.4% nationwide. This surge is attributed to the escalating frequency and intensity of climate-driven weather events, such as extreme heat, wildfires, and flooding.

These environmental pressures are anticipated to lead to significant population shifts. An estimated 55 million Americans may relocate within the U.S. over the next 30 years, with migration accelerating from millions this year onward.

States like California, Florida, and Texas, particularly in the Sun Belt, have already borne a significant portion of disaster costs. Projections indicate steep premium hikes in cities like Miami, Jacksonville, Tampa, and New Orleans, alongside notable declines in property values in certain counties within these states by 2055.