First Street Foundation has added dollar estimates of flood damage for individual residential homes to its flood risk assessment tool known as Flood Factor.
Click here to access the online tool and view the flood risk to your residential property.
The new feature will provide homeowners with flood damage cost estimates based on depth of flooding, demonstrate how these costs will change from today to 30 years from now due to a changing climate, and offer a cumulative projection of flood damage costs over the typical life of home ownership, or a 30-year mortgage.
Flood Factor lists individual homes for flood risks and the percentage of likelihood of flood damage.
Flood Factor data is also integrated into the online real estate listing websites realtor.com and Redfin.
Brooklyn, NY-based First Street Foundation has also partnered with federal agencies such as the U.S. Department of Energy, Environmental Protection Agency, the Federal Housing Finance Agency, and the Federal Reserve Bank of Atlanta, to share its data and unlock insights that previously were not possible.
The foundation used automated valuation model (AVM) data from ComeHome by HouseCanary, a source for property values and related data, and building characteristic data from LightBox.
The Foundation then applied a ,climate adjusted, property specific national flood model to the United States Army Corps of Engineers (USACE) coastal and riverine depth damage curves, in a peer reviewed published research study.
First Street Foundation is a nonprofit research and technology group working to define America’s flood risk.
