Hedonic valuation models have shown that sales prices can capitalize property risk factors,
such as flood zone; properties facing lower risk sell at a premium, all else being equal.
Previous research has indicated that price differentials reflecting risk of flooding become
much larger in the wake of a storm. We re-examine these findings for Pitt County, North
Carolina, using multiple storm events within a difference-in-differences framework, and we
compare flood zone price differentials for a more recent sample of property sales. Prior to …