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In 2023, more people moved to high-fire-risk areas than those who moved out, according to Redfin.
Where are these high-fire-risk areas, and why are people moving there?
What Is a High-Fire-Risk Area?
Why Are People Moving to High-Fire-Risk Areas?
In 2023, 34,170 people moved out of high-fire-risk U.S. counties.
But the same year, 97,535 people moved in.
In total, there was a net inflow of 63,365 people to counties with high fire risks.
Places that are prone to natural disasters tend to have much higher housing insurance costs than inless risky states.
For example, Texas counties feature 5 out of 10 times on this list.
Since Texas has more wildfires than any other state except California, homeowners insurance comes at a higher premium.
In fact, Texas saw the biggest increase (23.3%) in insurance rates in 2023.
Riverside County, California
Riverside County in Southern California is the fourth-most populous county in the state.
Houses in this county go for a median price of $720,000.
Home prices were down 3.1% compared to last year and sell for a median price of $293,242.
Houses here are affordable, selling at a median price of $371,150.
The majority of homes in this county face high fire risk.
The median sales price is $336,114.
Houses in this county sell for a median price of $427,712.
Home prices were up 11.3.% last year, with the median sale price standing at $400,395.
What Should You Do To Prepare for Moving to a High-Fire-Risk Area?
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