The Palisades and Eaton Fires: Neighborhood Data and Potential Housing Market Effects
Report
Shane Phillips
February 2025
The Palisades and Eaton fires started in Los Angeles County on Jan. 7, 2025, centered on the Pacific Palisades neighborhood of Los Angeles and the unincorporated community of Altadena. Together, they killed at least 28 people and destroyed more than 16,000 structures. The fires displaced thousands of households to surrounding communities, raising questions about their effects on the housing market. In this white paper, I review previous research on how earlier California wildfires impacted housing prices and migration, contribute my own analysis of long-term rent and home price effects of the 2018 Camp Fire, and describe the neighborhoods affected by the L.A. fires. I conclude with lessons we can draw from these data.
