RealPage Collusion Dashboard

This study investigates whether changes in rent levels and housing supply are statistically associated with RealPage's market share in multifamily property management. Drawing on recent debates and litigation surrounding the role of algorithmic pricing tools in rental markets, we examine whether regions with a higher adoption rate of RealPage software experience different rent trajectories or supply-side responses than comparable areas. Using a panel of metropolitan-level data on apartment rents, new building permits, and RealPage adoption over multiple years, we employ econometric models (e.g., fixed effects regressions) to control for confounding factors such as population growth, overall market trends, and local economic conditions. Our findings will shed light on whether RealPage's expansion correlates with measurable shifts in rent levels—or if it reflects broader market pressures already in play. By evaluating how market concentration and technological tools interact with housing supply and rental prices, this research aims to contribute to policy discussions around housing affordability, urban planning, and potential antitrust considerations. Ultimately, identifying any statistically significant link between RealPage's market share and housing market outcomes could inform stakeholders—from renters and landlords to policymakers—about the implications of consolidating pricing technology in an era of heightened housing instability, inflationary pressures, and homelessness.

The RealPage Collusion Dashboard is an interactive tool that allows users to explore statistical relationships between RealPage's market share, rent levels, and housing supply. Follow the steps below to navigate the site effectively.

1. Homepage Overview

The homepage introduces the purpose of our study and key research questions/results regarding RealPage's influence on rental markets.

Go to Homepage

2. Data Dictionary

Learn about the dataset used in the study, including definitions of variables such as:

• RealPage market share
• Rent levels
• Housing supply metrics
• Control variables (e.g., population growth, economic conditions)

Go to Data Dictionary

3. Interactive Map

This interactive map visualizes rental data at the city and county levels, allowing users to explore rent metrics such as price and annual percent change, with tooltips explaining each metric, summary statistics (min, median, avg, max), and a color key representing the predominant data source for each region.

View the Map

4. Key Findings

Explore a more in-depth analysis of the study's key findings, including detailed trends in rent changes and housing supply influenced by RealPage, building on the summarized insights available on the homepage.

See Key Findings

5. Demo: Interactive Modeling

Try running our models to explore the relationship between RealPage adoption and rental market trends.

Try the Interactive Model

6. Contact Us

For inquiries or privacy concerns, visit the contact page.

Contact Us

RealPage Collusion Dashboard protects personal data by employing robust privacy safeguards, guided by Belmont Principles (respect, beneficence, and justice) for data handling, while leveraging frameworks like Solove's Taxonomy, Nissenbaum's Contextual Integrity, and Mulligan et al.'s Analytic. We anonymize data, secure it with controlled access, and perform regular audits and staff training to ensure compliance with industry standards. Our system only displays public property data, including addresses or zip codes—no PII is collected. Ongoing risk assessments and transparent policies reinforce stakeholder trust. For concerns, please contact realpage@critiquant.com. We are committed to continuous privacy improvements and ethical data practices.

Read the Full Privacy Policy

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"Data." Zillow Research, n.d., https://www.zillow.com/research/data/ . Accessed 1 Feb. 2025.

"RealPage Statement." RealPage Public Policy, n.d., https://www.realpagepublicpolicy.com/realpagestatement . Accessed 1 Feb. 2025.

"Housing Units." U.S. Census Bureau, n.d., https://data.census.gov/table?t=Housing%20Units . Accessed 1 Feb. 2025.

"FY 2025 Fair Market Rents." U.S. Department of Housing and Urban Development, n.d., https://www.huduser.gov/portal/datasets/fmr/fmrs/FY2025_code/select_Geography.odn . Accessed 1 Feb. 2025.

"RealPage Lawsuit Rent Map." The Washington Post, n.d., https://www.washingtonpost.com/business/interactive/2025/realpage-lawsuit-rent-map/ . Accessed 1 Feb. 2025.