Here’s the Level of Climate Change Risk for Bucks County Homeowners
While climate change poses a major risk to homeowners across the country, both in terms of safety and home value, Bucks County is among the areas that have an overall low climate risk, write Michael J. Coren, Naema Ahmed, and Kevin Crowe for The Washington Post.
A new analysis by AlphaGeo, a climate modeling group, found that Bucks County has a very low risk of coastal flooding and wildfire, as well as a low risk in the hurricane, heat, and drought categories.
The only medium risk that the county has comes from the chance of inland flooding.
Another factor that influences home prices is the state’s disclosure laws. Pennsylvania is one of the states that require disclosure of whether a property is in a designated floodplain and if any flood damage has affected its structures. However, the state does not require the disclosure of potential requirements to have any flood insurance.
Higher insurance premiums can also play a role in reducing the value of a home. In Bucks County, average insurance premiums increased by 36 percent between 2020 and 2023.
Read more about climate risk to Bucks County and the connection between climate change and property values in The Washington Post.
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