The Daily Blaze is a member of the Price of Business Digital Network and is always a great source of information on the unique stories of the day in politics, business, lifestyle, and more. Today, it released a fascinating article about the cities least likely to have a natural disaster are also among the most affordable. The disaster types considered includes fires, hurricanes, earthquakes, and more. From the article:
"Providence, Rhode Island, Detroit, Michigan and Hartford, Connecticut are the least disaster-prone metro areas in the country, according to a new study released by Redfin. Redfin has positioned itself as 'the technology-powered real estate brokerage.' In a new report, Redfin rated the 50 biggest metro areas according to their relative frequency of five major types of natural disasters—earthquakes, fires, floods, tornadoes, and hurricanes—using a new metric called the 'Natural Disaster Hazard Score.'
"Each of the five areas are measured on a scale of one to 100, where 100 is the most dangerous metro area for the category and one is the least hazardous. The overall Natural Disaster Hazard Score is an average of the five components’ frequencies.
"Metros with low Natural Disaster Hazard Score ratings, ironically, tend to have relatively affordable housing markets. Nine of the 10 least hazardous metro areas have median home prices below the $287,400 national median. Salt Lake City is the exception, ranking as the eighth-least hazard-prone metro area with a Natural Disaster Hazard Score of 16 and a median home price of $320,000.
"Equally ironic is the fact that the most disaster-prone metros, including Washington, D.C. (52), Los Angeles (52) and New York (41), have home prices well above the national median. These three areas also tend to be near the top of Redfin’s list of origins common among online home-searchers looking to relocate to more affordable, inland housing markets, like Las Vegas, which ranks fourth among the safest-rated metros. These searches could be a harbinger of things to come in these markets."
READ THE REST OF THE ARTICLE AND CHECK OUT THE TOP 50 LIST
www.thedailyblaze.com/the-most-affordable-and-least-disaster-prone-places-to-live/
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