38th Annual Student Research Conference
The Economic Impact of Short-Term Rentals on Traditional Rental Markets
Yuanzhi Ding*, Grant E. Johnson, and Yohani T. Berhanu
Prof. Charles Boughton , Faculty Mentor
Short-term rental platforms like Airbnb have reshaped housing markets, especially in high-demand urban and tourist areas. By offering landlords a more profitable alternative to long-term leasing, these platforms drive up rental prices and reduce housing availability. Many landlords prefer short-term rentals, limiting long-term options and worsening affordability for residents. Additionally, transient visitors raise concerns about community stability and the commercialization of housing.
This paper examines the economic impact of short-term rentals, including their effects on rental markets, property values, and tenant-landlord relationships. It also explores global regulatory responses, such as taxation and zoning, to balance economic benefits with housing stability. By analyzing market data, policies, and case studies, this study provides a comprehensive look at the evolving relationship between short-term rentals and traditional leasing, offering insights into the future of urban housing markets.
Keywords: Housing, Renting, Economics, Ownership, short-term, long-term, Finance, Vacation
Topic(s):Economics
Presentation Type: Oral Presentation
Session: TBA
Location: TBA
Time: TBA