Question about values after a natural disaster

[Dennis Smith]

I own an investment property in Tampa (at least I hope I still do after Milton goes through but we are not in a flood zone).

I was wondering where home prices go on functional homes following a large natural disaster like a flood, fire or hurricane.

I was thinking prices would go up shortly after the disaster since many other homes were damaged or destroyed, therefore supply is low and demand is high.

The reason I ask is because I have a refi coming up following a fix & hold purchase. How long can/should I wait for the appraised value to change, and will it go up or down?