Residential Satisfaction with Long-Term Public Rental Housing

Abstract

The objective of this study is to investigate the determinants that affect residential satisfaction of long-term public rental housing. This study developed all fundamental variables using the database of “Residential satisfaction of residents in public rental housing” carried out with a survey of residents in National Rental Housing in Korea. This study categorized determinants to affect residential satisfaction into six major factors such as product physical factor, residential environment factor, operating service factor, repair service factor, economic factor, and personal factor. Using confirmatory factor analysis, ANOVA, and regression analysis, this study analyzed the effects of each factor and determinant on overall residential satisfaction. The results of this study provide implications for residential satisfaction with long-term public rental housing in Korea. This study also suggests that the crucial determinants that affect overall residential satisfaction are economic factors such as rent levels and maintenance fees, and that economic factor should be significantly addressed to improve residential satisfaction with long-term public rental housing.