Sea level rise’s impact on property values will be greatest in N.J. Shore towns, study says

Ocean City flooded by winter storm, jersey shore

FRANK KUMMER / PHILLY.COM – Ocean City, N.J., faces the biggest hit to its property values from sea level rise on the eastern seaboard, surpassing even Miami Beach, according to a study released Wednesday.

But popular Shore communities such as Sea Isle City, Atlantic City, Avalon, Brigantine, North Wildwood, and Mystic Island also made the top 20 list, according to housing data analyzed by scientists with Columbia University and First Street Foundation, a nonprofit focused on risks associated with sea level rise and flooding.

Though property values along the New Jersey Shore certainly are increasing, the scientists said their work measures “relative” erosion of property values. In other words, the homes would have sold for more if not for shrinking shorelines, flooding, and storm surges associated with sea level rise, caused mainly by climate change …

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