> ## Content Index
> Fetch the complete content index at: https://goodoil.news/llms.txt
> Use this file to discover other available public pages before exploring further.

# BFD Weekender: Q: Does Airbnb Cause Rents to Increase?
- URL: https://goodoil.news/bfd-weekender-q-does-airbnb-cause-rents-to-increase/
- Published: 2020-02-08T21:30:00.000Z
- Updated: 2020-02-07T21:59:28.000Z
- Author: Guest Post
- Tags: Business, Economy, #wp, #wp-post, #Import 2024-07-17 03:24

[**Shelterforce** ](https://shelterforce.org/author/shelterforce/?ref=goodoil.news)**[Staff](https://shelterforce.org/author/shelterforce/?ref=goodoil.news)**   
[shelterforce.org](https://shelterforce.org/2019/02/19/q-does-airbnb-cause-rents-to-increase/?ref=goodoil.news)

*A: Yes! Since hosts can make 50 to 200 percent more on short-term rentals than on long-term rentals, Airbnb affects purchase prices as well.*

![](https://storage.ghost.io/c/31/f4/31f4e20a-0315-499e-83ff-139e8eab53bf/content/images/wp-content/uploads/2020/01/the_bfd-theanswer_193_8.5x11-1.jpg)

The BFD. Source: [https://shelterforce.org/2019/02/19/q-does-airbnb-cause-rents-to-increase/](https://shelterforce.org/2019/02/19/q-does-airbnb-cause-rents-to-increase/?ref=goodoil.news)

A: Yes.

Despite its preferred image as a home-sharing platform, Airbnb actually involves tens of thousands of rental units that have been pulled off the rental market entirely, constricting housing supply. Since hosts can make 50 to 200 percent more on short-term rentals than on long-term rentals, Airbnb affects purchase prices as well.

- Every [10 percent increase in Airbnb listings results in a 0.42 percent](http://bit.ly/2E8569S?ref=goodoil.news) increase in average rents.
- So, for example, in New York City from 2015 to 2018, [Airbnb is estimated to have raised rents on average 1.4 percent, or an additional $384 per year](http://bit.ly/2KQUNaT?ref=goodoil.news), for the median renter. Some neighbourhoods experienced increases of over 1.8 percent.
- Neighbourhood rents increased an average of [$490 per year in Central South Harlem, $610 to $720 per year in Chelsea, and $450 in Crown Heights](http://bit.ly/2KQUNaT?ref=goodoil.news).
- Airbnb is responsible for about [16 percent of the total increase in rents in New York City](http://bit.ly/2KQUNaT?ref=goodoil.news) in the past three years.