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oai:keep.lib.asu.edu:node-2016952025-06-10T20:53:18Zoai_pmh:alloai_pmh:repo_items

201695 https://hdl.handle.net/2286/R.2.N.201695 http://rightsstatements.org/vocab/InC/1.0/ http://creativecommons.org/licenses/by-nc-sa/4.0 2025-05 30 pages Akkiraju, Anirvinn Wong, Kelvin Domino, Marisa Barrett, The Honors College This study investigates the relationship between recent immigration and housing prices across ZIP codes in Arizona, a state uniquely positioned at the forefront of U.S. immigration flows. Leveraging data from the U.S. Census Bureau and employing multivariable regression models with log-linear specifications, the analysis examines whether an influx of foreign-born residents arriving after 2010 correlates with changes in local housing prices. Controlling for key demographic and housing characteristics, such as population size, median rent, vacancy rates, and recent movers, the study finds a statistically significant positive association: a 1% increase in recent immigration corresponds to a 0.026% rise in median housing prices. While the findings indicate that immigration may exert upward pressure on home values, particularly in high-growth ZIP codes, the analysis also highlights several limitations, including the absence of post-2020 immigration data and income variables, as well as moderate multicollinearity in the model. Policy recommendations include expanding affordable housing, strengthening tenant protections, and improving real-time immigration and housing data collection. Additionally, this thesis contributes to the broader discourse on housing affordability by offering a quantitative evaluation of immigration’s localized economic impact. Economics Housing The Impact of Immigration on Housing Prices in Arizona