Monday, June 4, 2018

As sea levels rise, Florida homes at higher elevations are getting more expensive

Posted By on Mon, Jun 4, 2018 at 4:46 PM

click to enlarge PHOTO VIA ADOBE IMAGES
  • Photo via Adobe Images
Rising sea levels may mean bad news for Florida homeowners who live near the coast.

A study conducted by Harvard researchers in Miami-Dade County found that the climate is, in fact, having an effect on the housing market. The research found that single-family homes at higher elevation are increasing in price at a faster rate than lower-elevation homes.

The study explores a theory called "Climate Gentrification," or the idea that climate change makes some properties more or less valuable based on their ability to accommodate these changes.

The team of researchers outlined the idea in Environmental Research Letters:

“It is speculated that comparatively high- and low-elevation properties in Miami-Dade County will be more or less valuable over time by virtue of a property’s capacity to support habitation in the face of nuisance flooding and relative sea level rise,” they wrote.

The study found that properties that are two to four meters above sea level have higher rates of price appreciation than properties one or two meters above sea level.

“In light of accelerated sea level rise, these preferences may become more robust and may lead to more widespread relocations that serve to gentrify higher elevation communities,” the team wrote.

A recent study published in Nature Magazine found that Florida will experience the largest economic impact from climate change, at roughly $100.9 billion. 

It also doesn't help that Florida has seen some of the worst hurricane seasons in history during the past couple of years and the trend doesn't seem to be slowing down.

The potential for housing deterioration from climate change could devastate families in Miami, as well as other coastal cities in Florida. For now, buying homes that are higher above ground seems to be the move for many who still want to experience the luxury of living near the water. 

Stay on top of Orlando news and views. Sign up for our weekly Headlines newsletter. 

Tags: , , , , , ,

We welcome readers to submit letters regarding articles and content in Orlando Weekly. Letters should be a minimum of 150 words, refer to content that has appeared on Orlando Weekly, and must include the writer's full name, address, and phone number for verification purposes. No attachments will be considered. Writers of letters selected for publication will be notified via email. Letters may be edited and shortened for space.

Email us at

Orlando Weekly works for you, and your support is essential.

Our small but mighty local team works tirelessly to bring you high-quality, uncensored news and cultural coverage of Central Florida.

Unlike many newspapers, ours is free – and we'd like to keep it that way, because we believe, now more than ever, everyone deserves access to accurate, independent coverage of their community.

Whether it's a one-time acknowledgement of this article or an ongoing pledge, your support helps keep Orlando’s true free press free.


Never miss a beat

Sign Up Now

Subscribe now to get the latest news delivered right to your inbox.

Read the Digital Print Issue

April 14, 2021

View more issues


© 2021 Orlando Weekly

Website powered by Foundation