Tennessee Tornadoes

Veros Real Estate Solutions Determines the Potential Residential Property Risk Resulting from the Tennessee Tornadoes: March 2-3, 2020

(Image by NOAA Environmental Visualization Laboratory)

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. 

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:  March 2-3, 2020

Tornadic Activity:  Sparked by heavy rain, hail and powerful winds

Multiple Tornadoes:  Reported as a combination of EF-2, EF-3 and EF-4 Storm Flow: West to East

Fatalities and Injuries1:  24 confirmed fatalities, 65 injuries

State of Emergency:  Declared by Governor Bill Lee

FEMA Declaration:  DR 4476 on March 5, 2020

Nashville Hit Hard:  One of the biggest tornadoes tore directly through the city

History-Making: 53.4-mile path ranks in the top six of Tennessee Tornadoes2

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.

Photo: George Walker IV/The Tennessean via AP

Find Out The Exact Number of Properties Likely Impacted by the Tennessee Tornadoes

Veros determined the potential property-level impact within the counties identified to have been affected by the Tornadoes in Tennessee. This data is now available for you to understand the potential impact on the people and properties that are part of your portfolio. Get the complete Impact Brief when you click the button below. 

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

1 https://content.govdelivery.com/attachments/USDHSFEMA/2020/03/05/file_attachments/1393398/FEMA%20Daily%20Ops%20Briefing%2003-05-2020a.pdf
2 http://www.tornadohistoryproject.com/tornado/Tennessee/table`
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