Media Advisory: CoreLogic Analysis Shows More Than 50 Percent of Properties in Houston at High and Moderate Risk of Flood Are Not in Designated Flood Zones

MEDIA ADVISORY: CoreLogic Analysis Shows More Than 50 Percent of Properties in Houston at High and Moderate Risk of Flood Are Not in Designated Flood Zones

CoreLogic^® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, has conducted an analysis for the flooding occurring as a result of Hurricane Harvey. This analysis shows that 52 percent of residential and commercial properties in the Houston metro are at “High” or “Moderate” risk of flooding, but are not in a Special Flood Hazard Area (SFHA) as identified by the Federal Emergency Management Agency (FEMA). Properties within SFHA zones, categorized as Extreme or Very High risk, require flood insurance if the property has a federally insured mortgage. Properties outside SFHA zones are not required to carry flood insurance.

Table 1 shows the levels of flood risk* according to CoreLogic data for properties in seven metro areas likely to get severe rain and flooding as a result of Hurricane Harvey. Table 2 shows only the total and percent of properties in the High and Moderate risk categories that are not in an SFHA and therefore not required to carry flood insurance.

Table 1: Total Properties at Risk by Flood Risk Level

		Inside Special Flood Hazard Area		Outside Special Flood Hazard Area
Metro Area	Total Properties	Extreme Risk	Very High Risk	High Risk	Moderate Risk	Low Risk	Very Low Risk
Austin-Round Rock-San Marcos	701,325	7,233	15,628	52,622	74,451	66,110	485,281
Bay City	23,459	722	5,727	7,374	5,904	1,104	2,628
Beaumont-Port Arthur	194,610	1,990	19,774	39,096	67,090	19,531	47,129
College Station-Bryan	91,106	836	2,983	6,865	13,070	13,496	53,856
Corpus Christi	34,330	186	4,199	5,924	6,175	3,379	14,467
Houston-Sugarland-Baytown	2,340,343	57,077	211,851	494,983	715,202	287,098	574,132
Victoria	42,419	646	1,847	7,064	7,751	4,198	20,913

Source: CoreLogic August 2017

Table 2: Total Properties in the High/Moderate Risk Level

		Outside Special Flood Hazard Area
Metro Area	Total Properties	Total Properties in High/Moderate Risk	Percentage of Properties in High/Moderate Risk
Austin-Round Rock-San Marcos	701,325	127,073	18%
Bay City	23,459	13,278	57%
Beaumont-Port Arthur	194,610	106,186	55%
College Station-Bryan	91,106	19,935	22%
Corpus Christi	34,330	12,099	35%
Houston-Sugarland-Baytown	2,340,343	1,210,185	52%
Victoria	42,419	14,815	35%

Source: CoreLogic August 2017

^*This current analysis does not include risk from storm surge or flash flooding.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled solutions provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.

Media Contact

Allyse Sanchez
INK Communications
925-548-2535
corelogic@ink-co.com