Short-term rentals don't have big impact on rents, experts say

A Zillow survey of experts indicates that although there's some effect, it's not dramatic
  • Half of the expert respondents to Zillow's survey said that short-term rentals' impact is "meaningful, but small," with a smaller share (40 percent) saying their impact isn't meaningful.
  • Only 5 percent diagnosed a "meaningful and large" impact.

What happens to rents if short-term rentals take a bite out of long-term inventory? The answer might very largely by city, but short-term rentals don’t have a substantial impact on housing affordability, according experts surveyed by Zillow.