IS AIRBNB IMPACTING HOME PRICES? EVIDENCE FROM FORT LAUDERDALE

Airbnb has attracted significant attention from municipal governments due to its potential to influence housing affordability. This paper assesses the role of Airbnb concentration on home prices in Fort Lauderdale from October 2021 to December 2022 using a first difference fixed effect model and data scraped from the Airbnb website via InsideAirbnb. The results from the model suggest higher Airbnb concentration leads to higher home prices. For a home priced between the 35th and 65th percentile, an additional one percentage point of Airbnb concentration causes prices to increase by 3.2 percent.