Zillow adds climate risk data to its real estate listings

Zillow is introducing climate risk data, provided by date company First Street, on for-sale property listings across the US. Home shoppers will gain insights into five key risks – flood, wildfire, wind, heat and air quality – directly from listing pages, complete with risk scores, interactive maps and insurance requirements.

When viewing a for-sale property on Zillow, home shoppers will see a new climate risk section. This section includes a separate module for each risk category, giving detailed, property-specific data from First Street. Zillow will also provide information on wind, fire and flood insurance requirements.

Climate risk information will be available on the Zillow app for iOS and on the Zillow website by the end of the year, with Android availability expected early next year.

“Climate risks are now a critical factor in home-buying decisions. Healthy markets are ones where buyers and sellers have access to all relevant data for their decisions. As concerns about flooding, extreme temperatures and wildfires grow — and what that might mean for future insurance costs — this tool also helps agents inform their clients in discussing climate risk, insurance and long-term affordability.” – Skylar Olsen, chief economist at Zillow.

“At First Street we are on a mission to connect climate change to financial risk. Partnering with Zillow helps us achieve that mission by providing the millions of everyday users on the Zillow platforms with the same property-specific climate risk data that is used by top banks, agencies and investors.” – Matthew Eby, founder and CEO of First Street.