Immigration and Housing Rents in American Cities

Albert Saiz

No 2189, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: Is there a local economic impact of immigration? Immigration pushes up rents and housing values in US destination cities. The positive association of rent growth and immigrant inflows is pervasive in time series for all metropolitan areas. I use instrumental variables based on a “shift-share” of national levels of immigration into metropolitan areas. An immigration inflow equal to 1% of a city’s population is associated with increases in average rents and housing values of about 1%. The results suggest an economic impact that is an order of magnitude bigger than that found in labor markets.

Keywords: housing prices; immigration (search for similar items in EconPapers)
JEL-codes: J61 R23 R31 (search for similar items in EconPapers)
Pages: 43 pages
Date: 2006-06
New Economics Papers: this item is included in nep-geo and nep-ure
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Citations: View citations in EconPapers (12)

Published - published in: Journal of Urban Economics, 2007, 61(2), 345-371

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Related works:
Journal Article: Immigration and housing rents in American cities (2007)
Working Paper: Immigration and housing rents in American cities (2003)
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