(NewsNation) — More than a quarter of U.S. homes — worth a combined $12.7 trillion — are exposed to "severe or extreme climate risk," according to a new Realtor.com analysis.

The report examined threats from wildfires, floods and wind damage — hazards that have been top of mind after a string of recent disasters.

"These challenges not only affect residential safety but also influence property values, insurance costs, and overall market stability," Realtor.com Economist Jiayi Xu said in the report.

About 18% of homes face potential hurricane wind damage, the most common risk, while 6% are threatened by flooding and another 6% by wildfires.

Realtor.com found that the most at-risk metros are predominantly clustered in the South, where homeowners face the highest insurance costs relative t

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