Flooding slashed Shore Acres home values after hurricanes, per report

One one side is Shore Acres, the coastal neighborhood that saw devastating flooding during Hurricane Helene.

• The nonprofit examined 36 homes bought in the neighborhood between 2000 and 2024, per the Times.
• In the five months after Hurricane Milton, those homeowners sold at an average loss of 35% compared to what they originally paid.

On the other side is Disston Heights, an inland community that saw less hurricane damage.

• The nonprofit looked at 21 homes purchased over the same time period and sold in the months after the storms. Those owners gained an average of 25%, according to the Times.

Caveat: The report doesn't account for insurance payments that many who sold their homes received, Kevin Batdorf, a real estate broker and president of the Shore Acres Civic Association, told the Times.

• Those who sold soon after the storms were also the most desperate to leave, he said.

What's next: Batdorf told the Times he expects property values to rise longterm as more homeowners raise their homes.