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September 11th, 2017
CoreLogic Analysis Shows an Estimated 8.5 Million Properties in Florida at Significant Risk of Potential Wind Damage from Hurricane Irma

IRVINE, Calif.- CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released data analysis which shows that an estimated 8,456,455 residential and commercial properties in Florida are at either “Extreme,” “Very High” or “High” risk of wind damage from Hurricane Irma. CoreLogic storm surge analysis shows that an estimated 3,494,735 residential and commercial properties in Florida are at risk of hurricane-driven storm surge damage. Neither analysis includes potential damage from inland flooding.

Table 1 shows the estimated number of residential and commercial properties at risk of wind damage for both Florida and select Core Based Statistical Areas (CBSAs). Table 2 shows the estimated number of residential and commercial properties at risk of storm surge damage from Hurricane Irma for the state and the same CBSAs.

Storm surge occurs when water is pushed toward the shore through the force of powerful winds associated with cyclonic storms. High winds and low pressure created by a storm causes water to accumulate at its center, and as it moves across the ocean, the strong winds inside the hurricane act as a plow, causing water to pile up along the front of the storm.

Table 1: Estimated Number of Residential and Commercial Properties at Risk of Wind Damage from Hurricane Irma
Data in Tables 1 and 2 should not be combined to calculate totals as these are independent CoreLogic peril analyses and property duplication can occur.

CoreLogic
Data

Extreme

Very High High

Moderate

Low

Florida 2,658,005 3,393,312 2,405,138 854,238 11,586

CBSA

Cape Coral-Fort Myers 85,402 36,039 401,004 0 0
Crestview-Fort Walton Beach-Destin 3 68,527 0 29,294 0
Deltona-Daytona Beach-Ormond Beach 7 88,419 171,942 1 0
Gainesville 2 1 9,028 96,015 0
Jacksonville 15 277 187,777 437,763 3,828
Key West 26,117 29,406 0 0 0
Lakeland-Winter Haven 7 320,052 41 19 0
Miami-Fort Lauderdale-Pompano Beach 2,202,056 32 316 0 0
Naples-Marco Island 7,069 211,011 98 0 0
North Port-Bradenton-Sarasota 53 31,102 411,534 0 0
Ocala 21 136,124 24,041 704 0
Orlando-Kissimmee-Sanford 3 448,287 459,060 4 0
Palm Bay-Melbourne-Titusville 6,472 139,893 136,933 0 0
Palm Coast 0 62,521 9,070 0 0
Panama City-Lynn Haven-Panama City Beach 0 111,056 0 0 0
Pensacola-Ferry Pass-Brent 10,077 203,261 3,381 8,544 0
Port St. Lucie 234,597 30 57 0 0
Punta Gorda 0 1 205,616 0 0
Sebastian-Vero Beach 86,012 3,643 0 0 0
Tallahassee 3 52,943 0 0 109,726
Tampa-St. Petersburg-Clearwater 1 1,148,059 79,401 0 0

Source: CoreLogic 2017.

Table 2: Estimated Number of Residential and Commercial Properties at Risk of Storm Surge Damage from Hurricane Irma
Data in Tables 1 and 2 should not be combined to calculate totals as these are independent CoreLogic peril analyses and property duplication can occur.

CoreLogic Data

Extreme (Affected by a Category 1-5 Storm)

Very High (Affected by a Category 2-5 Storm)

High

(Affected by a Category 3-5 Storm)

Moderate (Affected by a Category 4-5 Storm)

Low

(Affected by a Category 5 Storm)

Total Properties at Risk

Florida 455,505 888,654 864,333 702,407 583,836 3,494,735
CBSA
Cape Coral-Fort Myers 57,855 189,137 128,073 57,300 52,099 484,464
Crestview-Fort Walton Beach-Destin 4,611 5,599 8,318 8,611 8,323 35,462
Deltona-Daytona Beach-Ormond Beach 1,760 16,634 38,481 43,412 15,000 115,287
Gainesville 0 43 465 634 515 1,657
Jacksonville 10,859 36,149 63,442 42,709 60,139 213,298
Key West 16,917 23,050 54,360
Lakeland-Winter Haven 0 0 0 0 0 0
Miami-Fort Lauderdale-Pompano Beach 82,344 149,120 209,417 227,882 226,057 894,820
Naples-Marco Island 24,774 102,232 76,667 7,414 1,645 212,732
North Port-Bradenton-Sarasota 28,536 59,662 86,255 103,249 54,534 332,236
Ocala 2 1 3 5 23 34
Orlando-Kissimmee-Sanford 0 0 0 0 0 0
Palm Bay-Melbourne-Titusville 11,565 25,354 22,570 16,430 15,778 91,697
Palm Coast 1,248 9,957 5,414 4,322 3,844 24,785
Panama City-Lynn Haven-Panama City Beach 465 5,056 14,448 14,427 16,312 50,708
Pensacola-Ferry Pass-Brent 2,079 9,445 13,259 9,770 10,784 45,337
Port St. Lucie 12,720 8,621 8,484 7,957 19,997 57,779
Punta Gorda 64,020 83,391 32,878 23,009 1,006 204,304
Sebastian-Vero Beach 6,016 7,646 5,896 6,598 12,129 38,285
Tallahassee 2,427 3,008 7,399 7,166 2,811 22,811
Tampa-St. Petersburg-Clearwater 105,551 125,591 114,308 103,776 70,231 523,457

Source: CoreLogic 2017.

Methodology

The analysis encompasses single-family residential structures less than four stories, including mobile homes, duplexes, manufactured homes and cabins, among other non-traditional home types. This does not infer that there will be no damage to residential units greater than four stories, as there may be associated wind or debris damage. However, including all high-rise residential units in the CoreLogic analysis would inaccurately inflate the number of homes at risk of storm surge flooding by including homes that are elevated above the potential for damage from surge waters.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.