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That's definitely a major hurricane zone. A major storm hits that coast multiple times per decade. It's worse than the east coast of Florida.
When you buy a house on the Louisiana/ Texas coast, you are buying at least 5 hurricanes over the next decade. I've been through many hurricanes in Florida, and even the mild ones are scary as Hell. The worst ones are absolutely terrifying beyond belief.
I can see why people leave, and wouldn't want to buy there, but where else are you going to go? California has fires that destroy entire towns, and also earthquakes. The Midwest/Plains has tornadoes. The north has crippling blizzards. Even Hawaii had the Maui fire, and has volcanoes. Almost everywhere has the potential for floods, and there are several dormant volcanoes and earthquake faults in unusual parts of the country that could wake up any time, and ruin everybody's day.
Weather is almost everywhere, and it hates humans.