2 ms·
You seem to be misinterpreting the study. The $9-10 a month number is for the median zipcode in the US, which is unlikely to be an urban area. And it represents
by qqqwerty 6y ago
You seem to be misinterpreting the study. The $9-10 a month number is for the median zipcode in the US, which is unlikely to be an urban area. And it represents the difference for each 1% increase in Airbnb listings. So a median zipcode with 10% more Airbnb listings would see a ~$100 difference in rent from a similar median zipcode.
Assuming that 'a fifth of the overall increase' is correct, that means that a place like SF can attribute at least a few hundred dollars a month in rent increases to AirBnB, as the median rent has increased by almost ~$2k since AirBNB came into existence.