cheryl
Administrator
Staff member
What Impact Does Airbnb Have on Local Housing Prices and Rents? - Informs
According to new research, the presence of an Airbnb property can actually contribute to an increase in housing prices and rental rates in a local neighborhood. But it depends on where the property is located.
The study sought to assess the impact of home-sharing on residential house prices and rents using data from Airbnb listings from across the United States. Researchers found that in local neighborhoods with a lower share of owner-occupancy, Airbnb had a higher impact on rising housing prices and rents. In areas with a higher share of owner-occupancy, Airbnb had somewhat less of an impact on property prices and rents.
The research study to be published in the February issue of the INFORMS journal Marketing Science, titled “The Effect of Home-Sharing on House Prices and Rents: Evidence from Airbnb,” is authored by Kyle Barron of the National Bureau of Economic Research; Edward Kung of California State University; and Davide Proserpio of the University of Southern California.
According to new research, the presence of an Airbnb property can actually contribute to an increase in housing prices and rental rates in a local neighborhood. But it depends on where the property is located.
The study sought to assess the impact of home-sharing on residential house prices and rents using data from Airbnb listings from across the United States. Researchers found that in local neighborhoods with a lower share of owner-occupancy, Airbnb had a higher impact on rising housing prices and rents. In areas with a higher share of owner-occupancy, Airbnb had somewhat less of an impact on property prices and rents.
The research study to be published in the February issue of the INFORMS journal Marketing Science, titled “The Effect of Home-Sharing on House Prices and Rents: Evidence from Airbnb,” is authored by Kyle Barron of the National Bureau of Economic Research; Edward Kung of California State University; and Davide Proserpio of the University of Southern California.