Mississippi Towns Hit Hard Financially by Rising Sea Levels, Study Finds
JACKSON — Homes on the Mississippi Gulf Coast lost more than $263 million in value due to rising sea levels, a peer reviewed study by scientists with the First Street Foundation and Columbia University found. Rising sea levels hit Bay St. Louis hardest, with the city losing $95.4 million in home value over the 12 year study period between 2005 and 2017.
"In Bay St. Louis, the average impacted home would be worth 49 percent more if tidal flooding were not a risk, and in Kiln, 41 percent more," First Street data science head Steven A. Alpine said. "These are the hardest-hit neighborhoods in Mississippi because homes and roads are at low elevations, and sea-level rise is increasing the frequency of flooding along the Jourdan River."
#Rising sea levels also sharply affected home values in other Gulf Coast towns and cities over the same period: Pass Christian lost $26.8 million in home values; Kiln lost $24.8 million; Waveland lost $15.2 million; Biloxi lost $10.2 million; Gautier lost $9.2 million; Gulfport lost $8.8 million; Pearlington lost $6.4 million; Moss Point lost $6.2 million; and unincorporated coastal areas lost $25 million.