Comparing the Distributions of Home Rental Prices in Los Angeles County between Craigslist and the American Community Survey

Moody Billah
MAS, 2022
Handcock, Mark S.
Prior research in the area of housing policy has shown that rental prices collected from the US government surveys do not reflect the market rental prices that are paid by new rent seekers. This paper is motivated by previous studies, where researchers have particularly criticized the American Community Survey (ACS) conducted by the US Census Bureau for heavily underestimating the market price of rental housing units. It collects rental data for Los Angeles County web scraped from Craigslist, a popular online marketplace, as an estimate for the current rental market. It then compares the distribution of that data with rental prices collected by the ACS. The results confirm previous findings since rental prices collected from the ACS are significantly lower than Craigslist. In addition, the rental data from Craigslist show a clear effect caused by the COVID-19 pandemic, which is not present in the ACS data.
2022