CoreLogic ranks wildfire risk in western states

Blog Post created by cathyprudhomme Employee on Aug 1, 2014

  Core Logic Report - Aug 1 2014Graphic Credit:  Severiano Galvan - Denver Post

Some interesting charts caught my eye while perusing a recent issue of the Denver Post newspaper and I wanted to share them with you. The article they were from was: Colorado leads country for share of homes most vulnerable to wildfires with content from the 2013 Wildfire Hazard Risk Report – Residential Wildfire Exposure Estimates for the Western U.S., developed by CoreLogic®, a real estate analytics company.  

The report looks at residential properties potentially exposed to wildfire risk in 13 western states and evaluates them using four risk levels (low, moderate, high and very high), along with the estimated value of at risk single-family residences. It also includes a summary of properties at risk and their home values by individual state, with a look at risk and damage potential in seven metropolitan areas.

According to the report, more than 200,000 homes in Colorado are highly vulnerable to wildfires; which represents more than 10% of homes in the state (the highest ratio in any state). Those homes with a high-risk have an estimated value of more than $38 billion. The next most exposed states are Montana at 9.1% and Oregon at 8%. But in dollar terms, Texas and California have the most property vulnerable to wildfire.  

Both the Denver Post article and the CoreLogic report have some great data, trends and projections that describe the scope of the wildfire landscape in the west.