A new study investigates the intersection of climate change and real estate, and finds that higher elevations bring higher values.
But these positive associations spanned land-locked communities as well as coastal ones. In fact, more than half of the jurisdictions with positive correlations—13 out of 24—were landlocked. All of these have significant water exposure in the form of lakes and drainage canals. The largest jurisdiction in the sample, unincorporated Miami-Dade County, showed the lowest, but still positive, correlation.
Climate gentrification typically occurs via three main pathways, according to the study.