As climate change continues to have devastating effects on the environment, many homeowners report that they think extreme weather will impact their properties.
According to the Policygenius 2022 Climate Change Survey, 45% of homeowners expect their homes to be damaged by weather related to climate change over the next 30 years. Younger homeowners (aged 18 through 34) are very concerned about potential damage, with 72% predicting it will be a problem for them over the next three decades. More than three in 10 homeowners said their home has been damaged by extreme weather, including 56% of homeowners under 34 years old. Nearly half (48%) said they know someone whose house was damaged by extreme weather, with 60% of homeowners under 34 reporting they know someone. The majority (67%) of respondents said they have enough insurance to afford a complete rebuild of their home; however, that leaves 33% who cannot afford it or do not know if they can. Additionally, only 79% of homeowners reported having a separate flood insurance policy.
Extreme weather is having an affect on homeowners’ future plans too. Twenty-seven percent of all homeowners think they will have to move over the next 30 years due to extreme weather. However, the younger generation is the one who is feeling the most impact. More than 60% of homeowners under 35 predict they will have to move due to climate change, especially those with children (77%).
In the Northwest, respondents were more likely to know someone whose home was impacted by extreme weather (47%). Only 33% reported having home damage themselves, but 41% expect their homes to be damaged in the next three decades and 28% expect to move due to it.
Topics
Member Discussion
Recent Articles
-
Over 200 Suburbs Have More Renters Than Owners
- July 16, 2025
- 2 min. read
In five years alone (2018-2023), 15 suburbs flipped from having a majority of owners to a majority of renters. This includes the Philadelphia suburb of King of Prussia.
-
71% of Americans Plan on Growing Food at Home in 2025
- July 15, 2025
- 2 min. read
Of those, 54% said they were doing so to lower their grocery bills. Another reason for choosing homegrown foods is an increasing concern about food quality.
-
RAMP President Michelle Senko Receives Women & Business Award
- July 14, 2025
- 2 min. read
“Being involved in my community, giving back and uplifting our neighbors, especially those in need, has always been a top priority for my family and I,” Senko shared.
Daily Emails
You’ll be the first to know about real estate trends and various legal happenings. Stay up-to-date by subscribing to JustListed.