As the frequency of extreme weather events increases, climate risks are becoming a significant factor in many individuals’ long-term decision-making processes, particularly in the realm of real estate purchases. In response to this trend, Zillow has recently formed a new partnership aimed at incorporating climate risk information into its property listings.
The updated property listing pages in the United States will feature data on risks related to floods, wildfires, wind, heat, and air quality specific to each location. Additionally, these pages will detail any climate-related insurance requirements necessary for the property. This information is being provided by First Street, an expert in climate risk financial modeling. The integration of this climate data is currently being implemented on the Zillow website and iOS app, with an expected rollout for Android early next year. Some locations have already been updated to display this climate information online.
These five climate risk categories are also being integrated into Zillow’s interactive map search view. Each risk type is visually represented with a color-coded system to indicate varying risk levels, whether across the entire country or within a smaller region. This information is particularly valuable for prospective homebuyers, while for others, it may bring a sobering perspective to the casual browsing of properties.
Earlier this month, Zillow also announced enhancements to its AI search feature, further refining the platform’s capabilities.
