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What Impact Does Airbnb Have on Local Housing Prices and Rents?
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<blockquote data-quote="cheryl" data-source="post: 2721" data-attributes="member: 1"><p><a href="https://www.informs.org/About-INFORMS/News-Room/Press-Releases/What-Impact-Does-Airbnb-Have-on-Local-Housing-Prices-and-Rents" target="_blank"><strong>What Impact Does Airbnb Have on Local Housing Prices and Rents? - Informs</strong></a></p><p></p><p>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.</p><p></p><p>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. </p><p></p><p>The research study to be published in the February issue of the INFORMS journal <em>Marketing Science</em>, 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.</p></blockquote><p></p>
[QUOTE="cheryl, post: 2721, member: 1"] [URL='https://www.informs.org/About-INFORMS/News-Room/Press-Releases/What-Impact-Does-Airbnb-Have-on-Local-Housing-Prices-and-Rents'][B]What Impact Does Airbnb Have on Local Housing Prices and Rents? - Informs[/B][/URL] 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 [I]Marketing Science[/I], 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. [/QUOTE]
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What Impact Does Airbnb Have on Local Housing Prices and Rents?
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