Nearly 1.8M Homes at Extreme Risk for Wildfire Damage

California and Texas leads the nation with the greatest threat to residential property damage due to wildfire damage, according to new data from CoreLogic.

For damage that is defined as Extreme or High Risk, CoreLogic estimates that 1.8 million single-family homes in 13 western states could be impacted, with a combined reconstruction cost value (RCV) of almost $500 billion. An additional 27 million properties are being designated as Low or Moderate Risk, with an estimated RCV of $6.7 trillion.

At the state level, California and Texas rank first and second for the total number of homes in the Extreme wildfire risk category, with 645,445 properties at risk in California and 532,317 in Texas. In comparison, Colorado ranked third with 195,601 properties in these risk categories. On a metro market basis, the areas with the greatest number of homes at Extreme risk were in California’s Riverside-San Bernardino-Ontario corridor with 51,775 properties, followed by California’s Sacramento-Roseville-Arden-Arcade metro with 41,937 and Colorado’s Denver-Aurora-Lakewood market with 33,226.