Tennessee Tornadoes
Veros Real Estate Solutions Determines the Potential Residential Property Risk Resulting from the Tennessee Tornadoes: March 2-3, 2020
Overview
Multiple tornadoes spawned by violent storms cut a devastating path through Nashville and central Tennessee on March 2-3, 2020. Damage was recorded in eight counties across the region. Veros Real Estate Solutions determined the potential number of residential properties that may have sustained some level of damage.Â
Veros Real Estate Solutions identifies 4,781 residential properties potentially impacted in the core of the Tennessee Tornado Event, with a total market value of $1,456,261,800 billion based on the predicative analytics available through the VeroVALUE AVM.
Using public records, proprietary data and mapping technology, the information contained on this site details the potential impact to homes, outstanding mortgages and potential impact to insurance coverage.
Tennessee Tornado Property Impact Key Stats
Potentially 11,519 properties in the region were at stake; with approximately 4,781 in the direct core of the tornado with the potential for greater damage.
Total market value of potentially impacted properties in the core and buffer zones exceeds $3.529 Billion.
Davidson County was the hardest hit county in Tennessee.
Storm Facts & Figures
Tennessee Tornadoes:Â March 2-3, 2020
Tornadic Activity:Â Sparked by heavy rain, hail and powerful winds
Multiple Tornadoes:Â Reported as a combination of EF-2, EF-3 and EF-4 Storm Flow: West to East
Fatalities and Injuries1:Â 24 confirmed fatalities, 65 injuries
State of Emergency:Â Declared by Governor Bill Lee
FEMA Declaration:Â DR 4476 on March 5, 2020
Nashville Hit Hard:Â One of the biggest tornadoes tore directly through the city
A Wide Path of Devastation
This map shows the distinct tornado path and multiple tornadoes directly impacting specific regions. The winds, rain and violent storms further impacted the area.
Tornadoes created fear, death and devastating destruction in the Nashville region. People sheltered in their homes, desperate to escape the destruction.
Summary
The total impact of tornadoes in the greater Nashville, Tennessee region was extreme. People died, others were injured, homes damaged and lost, businesses interrupted and lives forever changed. All of these factors may result in a temporary spike in mortgage delinquencies and a tightening of available rental units. Veros will continue to monitor the impact of the Tennessee Tornadoes and future natural disasters as they occur. Our thoughts are with the people and responders challenged with the effects of this event.
When Disaster Strikes, Veros Is There for You.
To request a complete list of potential properties and localized damage as a result of the Tennessee Tornadoes, visit: Veros.cc/Data or call: 866.458.3767.
To subscribe to future natural disaster reports from Veros Real Estate Solutions, please visit: Veros.com/911
What Disaster Data Can Do for Your Business.
Proactively help the people most in need by identifying at risk loans and rapidly initiating contact to offer assistance
Identify damaged and high-risk properties
Accelerate clear-to-close time for unimpacted properties
Determine risk rating and focus risk management efforts on high-risk properties
Streamline the property assessment process
Eliminate unnecessary property inspections
2 http://www.tornadohistoryproject.com/tornado/Tennessee/table`
