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Title: The Effect of Government Land Use Regulations on Rent Burdens

Citation Type: Miscellaneous

Publication Year: 2011

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Abstract: Over the past three decades, the rent-to-income ratio for renter households in the United States hasincreased substantially. It is estimated that nearly half of all renter households in the United States devote 30percent or more of their household income to housing expenditures. Currently, the U.S. Department of Housing andUrban Development classifies those households who spend 30 percent or more of their income on rental housingexpenditures as rent burdened and 50 percent or more as severely rent burdened. During this same time period,government land-use regulations have increasingly become more restrictive. Although there is a substantial body ofempirical and descriptive literature describing the effects of land-use regulations on housing prices very littleresearch has been done on the determinants of the rental housing market. In this paper I address this void in theliterature by using a unique jurisdictional level regulatory data set from the state of Florida. An interestingcomponent of this analysis is the measurement of the regulatory environment. We estimate the relationship betweenrent burdens and regulations using four unique econometric methods, and compare the results. Results from theempirical models indicate that, consistent with theory, rent burdens increase with more stringent land useregulations.

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Authors: Dowd, Pamela

Publisher: Florida State University

Data Collections: IPUMS USA

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