The effects of college population on rent and housing cost in US Metro Areas

by
Bryan Do
Bryan Do

Bryan Do is a rising Sophomore at Wesleyan University, where he is pursuing a double major degree in Economics and Computer Science. He graduated from a public high school in Hanoi, Viet Nam and took a gap year before going to college. At Wesleyan, Bryan is involved in organizing the TEDxWeseyan event. He plans to explore different academic and career paths in his next 3 years at Wes.

Live Poster Session:

Zoom Link: https://wesleyan.zoom.us/j/91719445025?pwd=NDdnL053cGc0Y3d6UFl4eXMrbXg4UT09
Thursday, July 29th, 1:45-2:45 pm EDT

Abstract: The presence of colleges has long been hypothesized to have significant impacts on local economies, specifically on local housing markets. Although proximity to higher education institutions could increase home value/home-owning cost, a higher undergraduate population creates more demand for house rentals. Then, the question is whether it is more costly to pay monthly to own a home or to rent a place where there are more colleges. This project aims to examine the correlation between the proportion of college students in the total population and the difference between average rent and average monthly cost of home-owning in US Metro Areas.

Bryan_QAC2021_Poster