Environment

Where Flooding Is Most Affecting Property Values

A small coastal Mississippi town is seeing dramatic property value losses from flooding. But the houses in highest demand are still right on the water.
It's not just hurricanes and storms. Even a stray breeze off the Gulf of Mexico can submerge roads on a sunny day like this one in Bay St. Louis.Nexus Media

Ankle-deep in the overflow of the river that drew her here two decades ago, Calinda Crowe looked across her land, envisioning the future. She didn’t like what she saw.

“You wake up to this,” she said, gesturing toward the water submerging everything but the concrete foundation of her raised home. “It upsets you, you know, because it's supposed to be ‘dream home’ type stuff. Not with this.” A turtle floated to the surface near the bulkhead dividing her yard from the bayou.