Fig. 3: Distribution of property overvaluation among demographic groups.
From: Unpriced climate risk and the potential consequences of overvaluation in US housing markets
a,b, Census tracts are grouped by quintiles of median household income (a) and quintiles of the percentage of the population that is white (not Hispanic or Latino) (b). Within those groups, we evaluate the percentages of total properties that are overvalued by >0–5%, 5–10%, 10–25%, 25–50% and 50–100%. The ‘No overvaluation’ sub-plot includes properties that are not exposed to flood risk or for which the empirical price does not exceed the efficient price. Demographic data were derived from the 2019 American Community Survey, reported at the census tract level.
