.jpg){kind=logo}
The Effect of Campus Existence on Boarding House Rental Prices: A Case Study of Universitas Muhammadiyah Yogyakarta
Abstract
The establishment of the Universitas Muhammadiyah Yogyakarta (UMY) campus has acted as a catalyst for economic expansion in the local neighborhoods, particularly evident in the real estate sector, characterized by the proliferation of boarding houses. This study endeavors to comprehensively examine the impact of the presence of Universitas Muhammadiyah Yogyakarta on the rental rates of boarding houses. The research's primary objective is to make a valuable contribution to the domain of property economics, utilizing secondary data derived from online platforms specializing in boarding house listings, notably Mamikos. A dataset encompassing 200 entries was gathered from the Mamikos website, encompassing variables such as boarding house rental fees, the proximity of the boarding houses to UMY, room dimensions, available facilities, and the categorization of boarding houses based on gender. The analysis of the dataset employs a multiple regression model, applying the Ordinary Least Square (OLS) technique. The findings derived from this study underscore several significant observations. Notably, the distance between the boarding house and the UMY campus displays a significant and, negative correlation with boarding house prices. This indicates that the rental rates of boarding houses tend to be higher the closer they are situated to the UMY campus. Conversely, factors such as room size and provided facilities exhibit a positive and considerable influence on the boarding house rental rates. Additionally, the study ascertains that gender-based differentiation does not lead to a significant variance in the rental charges between male and female boarding houses. In summary, this research effectively elucidates the intricate relationship between the proximity to UMY, room dimensions, facilities, and the rental pricing of boarding houses, thereby contributing valuable insights to the realm of property economics.
Keywords
Full Text:
PDFReferences
Ambraini, F., Swasto, D. F., & Rahmi, D. H. (2020). Pengaruh perkembangan kampus terpadu UII terhadap permukiman di sekitarnya. Region: Jurnal Pembangunan Wilayah dan Perencanaan Partisipatif, 15(1), 81-98. https://doi.org/10.20961/region.v15i1.27002
Amenyah, I. D., & Fletcher, E. A. (2013). Factors Determining Residential Rental Prices. Asian Economic and Financial Review, 3, 39-50.
Feng, M. (2019). How will proximity to higher education affect the rental housing market? A case in Beijing. Degree Project in engeneering and econommics. 1, 15-50.
Gujarati, D. N. (2006). Dasar-Dasar Ekonometrika. Jakarta: Salemba Empat.
Haris, S., & Ernawati, A. (2013). Pengaruh keberadaan kampus universitas indraprasta PGRI terhadap perkembangan wilayah kecamatan Jagakarsa Jakarta Selatan. Faktor Exacta 6(1), 51-69. https://journal.lppmunindra.ac.id/index.php/Faktor_Exacta/article/view/218
Kurniawan, A. (2015). Analisis pengaruh lokai dan fasilitas terhadap keputusan mahasiswa memilih tempat indekos dengan variabel harga sewa indekos sebagai variabel moderasi. Jurnal Ekonomi dan Kewirausahaan 15(2), 236-244. https://ejurnal.unisri.ac.id/index.php/Ekonomi/article/view/1036
Liza, M.G. (2017). The SAGE Encyclopedia of Qualitative Research Methods. California: Sage Publications, Inc.
Nugraha, S. (2019). Keputusan mahasiswa memilih tempat indekos di mamuju: focused grup discussion dengan mahasiswa jurusan manajemen STIE Muhammadiyah Mamuju. Jurnal Ilmiah Ilmu Manajemen, 1(2), 136-152. https://stiemmamuju.e-journal.id/FJIIM/article/view/20
Oloke, O.C., Simon, F.R., and Adesulu, A.F. (2013). An Examination of the Factors Affecting Residential Property Values in Magodo Neighbourhood, Lagos State. International Journal of Economy, Management and Social Sciences, 2(8), 639-643.
Owusu-Ansah, A. (2013). Examination of the Determinants of Housing Values in Urban Ghana and Implications for Policy Makers.
Paruntu, J. G., Hatidja, D., & Langi, Y. A. R. (2021). Keputusan Mahasiswa dalam Memilih Indekos dengan Analisis Faktor. Jurnal Ilmiah Sains, 21(2), 119-123. https://doi.org/10.35799/jis.v21i2.28868
Rahayu, W. P., & Hartiningtyas, L. (2022). Pengaruh Lokasi, Harga, Fasilitas, Dan Kenyamanan Terhadap Keputusan Mahasiswa MBS Dalam Menyewa Kamar Kost. SENTRI: Jurnal Riset Ilmiah, 1(3), 620–631. https://doi.org/10.55681/sentri.v1i3.265
Ramadhani, L. (2020). Usaha Indekost di Sekitar Kawasan Universitas Batanghari Jambi 1985-2012. Istoria: Jurnal Ilmiah Pendidikan Sejarah Universitas Batanghari, 4(1), 71-79. https://doi.org/10.33087/istoria.v4i1.79
Slovin, E. (1960). Slovin’s Formula for Sampling Technique. https://prudencexd.weebly.com/
Sugiyono. (2011). Metode Penelitian Kuantitatif Kualitatif dan R & D. Bandung: Alfabeta.
Sugiyono. (2021). Stastitika untuk penelitian. Bandung: Alfabeta.
Wickramaarachchi, N. (2016). Determinants of rental value for residential properties: A land owner’s perspective for boarding homes. Built-Environment Sri Lanka, 12(1), 10–22. https://doi.org/10.4038/besl.v12i1.7612
Wijoyo, S., & Maimunah, E. (2019). Faktor-faktor Pertimbangan Mahasiswa UNILA dalam Pemilihan Rumah Indekos dikelurahan Kampung Baru dan Gedung Meneng Bandar Lampung. Jurnal Ekonomi Pembangunan, 8(1), 45–55. https://doi.org/10.23960/jep.v8i1.35
Yu, S., & Setiyaningrum, A. (2019). Studi Mengenai City Branding Kota Yogyakarta sebagai Kota Pelajar di Indonesia. Matrik : Jurnal Manajemen, Strategi Bisnis Dan Kewirausahaan, 13(1), 31-46.
DOI: https://doi.org/10.18196/jerss.v7i2.19225
Refbacks
- There are currently no refbacks.
Office:
Redaksi Journal of Economics Research and Social Sciences, Gedung E2 Lantai 2, Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Yogyakarta
Jalan Brawijaya, Tamantirto, Kasihan, Bantul, Daerah Istimewa Yogyakarta 55183
Email: jerss@umy.ac.id
Telp: +62 812-3233-6697
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.