Is there a local economic impact of immigration? Immigration pushes up rents and housing values in US destination …. I use instrumental variables based on a "shift-share" of national levels of immigration into metropolitan areas. An … immigration inflow equal to 1% of a city's population is associated with increases in average rents and housing values of about 1 …

variables based on the ancestry composition of residents in US counties, we estimate the causal impact of immigration on local … also find that the house prices respond more to immigration than rent prices do. The larger issuance of building permits …, we find that the predicted contribution of immigration to US shelter price growth is small, around 2%, because the …