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Research on the Impact of International Students on US Housing Markets
- 1 College of Social Sciences and Humanities, Northeastern University, Boston, MA 02115, United States
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Abstract
The affordability and availability of housing for university students in the United States have become increasingly challenging, especially for international students. This study investigates the impact of international student university enrollment on local housing markets, specifically focusing on Fair Market Rent (FMR) Efficiency. Understanding this relationship is essential for policymakers, university administrators, and local governments as they seek to balance housing supply and demand. This study employs a fixed effect regression model, the primary variables include international student ratios, unemployment rates, median household incomes, real GDP per capita, and university enrollment ratios. By analyzing panel data from 50 U.S. states between 2020 and 2023, this study aims to quantify the influence of international students on FMR Efficiency while accounting for state-level heterogeneity. The results reveal a significant positive correlation between international student ratios and FMR Efficiency, particularly in states with numerous higher education institutions and robust economic profiles. This finding highlights the need for targeted housing policies to manage the increased demand and ensure affordability for all residents.
Keywords
Housing Market, International Student, University Enrollment, Rent
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Cite this article
Wang,Y. (2024). Research on the Impact of International Students on US Housing Markets. Advances in Economics, Management and Political Sciences,125,21-27.
Data availability
The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.
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Volume title: Proceedings of the 8th International Conference on Economic Management and Green Development
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