Inner Core Committee May 15 2019 Meeting Jessie Partridge Guerrero Research Manager Objective form a consortium to support rental listings database maintenance and improvements Background ID: 1034767
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1. MAPC Rental Listings ConsortiumInner Core CommitteeMay 15, 2019 MeetingJessie Partridge GuerreroResearch Manager
2. Objective: form a consortium to support rental listings database maintenance and improvements
3. Background: why do we need a rental listings database?
4. Greater Boston Rents are Among the Highest in the NationMEDIAN RENT, 2-BEDROOM APARTMENT, SEPTEMBER 2017Source: Zumper.com
5. Existing Sources of Rent Data are InsufficientAmerican Community SurveyRent average for long-term and new residentsData is aggregated to 5-year intervals and has time lagData only available aggregated to Census geographiesPrivate sources Opaque about their methods of collectionTo get record-level rental listings is expensive and often cost prohibitiveBias in sources of rental unit information
6. Timeline2013-14: First use of Padmapper data for research report2015: Technology and capacity to scrape rental listings from online platforms2017: Development project with municipal partners to clean and improve collected data2018: Quarterly data reports to municipal partners2019: Rental Listings Consortium recruiting and Phase 2 workFigure source: Dimensions of Displacement, MAPC, 2014
7. Pressing Research QuestionsHow many units are naturally affordable?Where are rents going up?What is the effect of amenities on rent? How does development impact rent?
8. Methods: Collecting, Cleaning, and categorizing
9. Automated Data Processing StepsScrape data from online sourcesClean, deduplicate, assess, and annotateGeolocate to parcelsReport summary information quarterly
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12. LimitationsBias in data sourcesGeocoding constraintsVast online rental ecosystemAPI InstabilityGaps in data colleciton
13. Findings: Price Distributions and Affordability
14. Asking Price Distributions2017 Q4 asking price distributions by bedroom count
15. AffordabilityWhat share of units are affordable?6.8% meet Fair Market Rent (0 to 4 bedroom units)Affordable to Low Income household of 4 (2 or more bedrooms):0.3% Extremely Low (30% AMI)1.7% Very Low (50% AMI)14.4% Low Income (80% AMI)
16. Affordability Over TimeShare of units at or below fair market rent up slightly overall; down slightly for 0-bedroom unitsDRAFT RESULTS, DO NOT CIITE
17. Slight increase for Low-Income household of 4 since 2015, otherwise very little changeAffordability Over TimeDRAFT RESULTS, DO NOT CIITE
18. Consortium Framework
19. Membership BenefitsFirst access to quarterly data including:Record-level listing data for your municipalitySummary statistics at the municipality and neighborhood level, by bedroom count and age of unitShapefile of all listings in your municipalityDecision-making input The consortium will work with MAPC to decide how annual funds are invested, whether in making improvements to the database, adding new features, or purchasing additional data
20. Proposed Consortium Scope of WorkCore deliverables and activities ($25,000)Quarterly consortium meetingsQuarterly data reporting to consortium membersDigital infrastructure maintenance and improvementsOptional features and activities for consideration ($5,000 to $22,000)Produce digital interface for data reportingCollect rental listings data from additional data sourcesImprovements to geocoding process
21. Proposed Membership Fee StructurePopulation ThresholdAnnual Membership Cost150,000 or more$6,00070,000 to 149,999$4,00040,000 to 69,999$2,000Under 40,000$1,000
22. Inner Core Committee Municipal FeesMunicipalityPopulation 2010Proposed FeeArlington42,844 $ 2,000 Belmont24,729 $ 1,000 Boston617,594 $ 6,000 Brookline58,732 $ 2,000 Cambridge105,162 $ 4,000 Chelsea35,177 $ 1,000 Everett41,667 $ 2,000 Lynn90,329 $ 4,000 Malden59,450 $ 2,000 Medford56,173 $ 2,000 Melrose26,983 $ 1,000 Milton27,003 $ 1,000 Newton85,146 $ 4,000 Quincy92,271 $ 4,000 Revere51,755 $ 2,000 Saugus26,628 $ 1,000 Somerville75,754 $ 4,000 Waltham60,632 $ 2,000 Watertown31,915 $ 1,000 Winthrop17,497 $ 1,000
23. Discussion
24. Contact:Jessie Partridge GuerreroResearch Managerjpartridge@mapc.org617-933-0726