Security has long been recognized as an element in residential preference and its relative importance has risen with fear of extremist attacks on U.S. cities. Using polling data from 2004, this research investigates whether the security breaches of 9/11 in New York City influenced residential preferences in New York State. Our results confirm that perceived risks are greatest downstate but exert little overall net effect on (re)location plans. A stabilizing effect may be evident where preferences are reinforced among upstate residents who respond to downstate risk by strengthening "stay put" attitudes. An inspection of real-estate data in the northern reaches of the New York Metropolitan Area suggests a risk-averse hedging strategy--city residents relocating in stages by acquiring open land and the option to build and move should renewed terrorist attacks occur.