Report: 11,000 Deschutes Co. homes at ‘extreme’ wildfire risk
According to new data released Wednesday by CoreLogic, 1.8 million single-family homes across 13 states in the western U.S. are currently designated as Extreme or High risk of wildfire damage, representing a combined total reconstruction cost value of almost $500 billion.
An additional 27 million properties, with an estimated RCV of $6.7 trillion, fall into the Moderate or Low risk category.
Bend-Redmond, OR (Deschutes County)
In Bend-Redmond, OR, 65,015 homes are at some level of wildfire risk, with a combined RCV of $15,305,020,081.
Wildfire Risk Level Wildfire Risk Score (1-100) Total Properties Total Estimated Reconstruction Value Extreme 81-100 11,620 $2,944,628,750 High 61-80 6,852 $1,657,029,145 Moderate 51-60 2,582 $650,928,066 Low 1-50 43,961 $10,052,434,120 Total 65,015 $15,305,020,081
The CoreLogic Wildfire Risk analysis designates risk levels as Extreme, High, Moderate and Low based on a numeric risk score ranging from 1 to 100 assigned to individual properties. This score indicates the level of susceptibility to wildfire, as well as the risk associated with the property being located in close proximity to adjacent high-risk properties or areas. This proximity designation is important since wildfire can easily expand to surrounding properties and cause significant damage even if the original property was not considered high risk.
Table 1: Residential Wildfire Risk for the Western U.S.
Wildfire Risk Level Wildfire Risk Score (1-100) Total Properties Total Estimated Reconstruction Value Extreme 81-100 893,333 $218,758,051,071 High 61-80 919,392 $281,041,584,567 Moderate 51-60 367,629 $106,630,098,370 Low 1-50 26,745,212 $6,627,236,644,663 Total 28,925,566 $7,233,666,378,671
At the state level, California and Texas rank first and second for the total number of homes in the Extreme wildfire risk category due to a large number of residential properties in these states combined with the proximity of high-risk vegetation and terrain. Combining both the High and Extreme categories, California tops the list with 645,445 properties at risk, followed by Texas (532,317) and Colorado (195,601). Table 3 shows that California also has the highest RCV in each of the top two risk levels at more than $250 billion, followed by Texas and Colorado at almost $94 billion and $54 billion, respectively.
A link to the full report: http://corelogic.maps.arcgis.com/apps/MapJournal/index.html?appid=157a0d63fd7942c2a4ef7726b1c6ff56
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.
