ARTÍCULO
TITULO

Modeling Housing Rent in the Atlanta Metropolitan Area Using Textual Information and Deep Learning

Xiaolu Zhou    
Weitian Tong and Dongying Li    

Resumen

The rental housing market plays a critical role in the United States real estate market. In addition, rent changes are also indicators of urban transformation and social phenomena. However, traditional data sources for market rent prediction are often inaccurate or inadequate at covering large geographies. With the development of housing information exchange platforms such as Craigslist, user-generated rental listings now provide big data that cover wide geographies and are rich in textual information. Given the importance of rent prediction in urban studies, this study aims to develop and evaluate models of rental market dynamics using deep learning approaches on spatial and textual data from Craigslist rental listings. We tested a number of machine learning and deep learning models (e.g., convolutional neural network, recurrent neural network) for the prediction of rental prices based on data collected from Atlanta, GA, USA. With textual information alone, deep learning models achieved an average root mean square error (RMSE) of 288.4 and mean absolute error (MAE) of 196.8. When combining textual information with location and housing attributes, the integrated model achieved an average RMSE of 227.9 and MAE of 145.4. These approaches can be applied to assess the market value of rental properties, and the prediction results can be used as indicators of a variety of urban phenomena and provide practical references for home owners and renters.

 Artículos similares

       
 
Huihui Wang, Weihua Zeng and Ruoxin Cao    
The jobs?housing balance concerns the spatial relationship between the number of jobs and housing units within a given geographical area. Due to the separation of jobs and housing, spatial dislocations have occurred in large cities, which have resulted i... ver más

 
Hyunjung Kim, Seongyong Kim and Kiyun Yu    
Automatic floor plan analysis has gained increased attention in recent research. However, numerous studies related to this area are mainly experiments conducted with a simplified floor plan dataset with low resolution and a small housing scale due to the... ver más

 
Aisha Sikder and Andreas Züfle    
Singular value decomposition (SVD) is ubiquitously used in recommendation systems to estimate and predict values based on latent features obtained through matrix factorization. But, oblivious of location information, SVD has limitations in predicting var... ver más

 
Rebecca Headley Konkel, Dominick Ratkowski and Susannah N. Tapp    
The current study tests neighborhood (i.e., block group) effects reflective of broken windows theory (i.e., neighborhood, public space, social, housing disorder) on crime. Furthermore, these effects are tested independently on serious (i.e., Part I), and... ver más

 
P. Zapata, C. Cárdenas, N. Lozano     Pág. Page 263 - 278
Many construction projects present uncertainty in their budgets and schedules. Also, the management of time and costs is inconsistent. There are methodologies and techniques that improve the management of construction projects: Techniques such as Earned ... ver más