Over the years, the Korean government has been working to provide public rental housing, and the quantitative expansion of public rental housing has contributed greatly to the housing stability of the population. However, despite this quantitative exp...
Over the years, the Korean government has been working to provide public rental housing, and the quantitative expansion of public rental housing has contributed greatly to the housing stability of the population. However, despite this quantitative expansion, it is unclear whether public rental housing policies have been effectively implemented from the perspective of residents living in public rental housing. Furthermore, there is a widespread perception in Korea that the quality of public rental housing is lower than that of private rental housing. In order to promote public housing policies that increase the quality of housing, not just the quantity, it is necessary to focus on the residential satisfaction of public housing residents.
In this study, the independent variables were composed of four factors that are expected to affect residential satisfaction among the questions of the housing survey: housing size, housing cost burden level, housing condition, and living environment factors. The dependent variable of this study is residential satisfaction. This study also includes demographic characteristics (gender, age, number of household members, education level) and housing characteristics as control variables. Lastly, the moderating variable is the type of rental housing (whether or not the household lives in public rental housing).
The empirical analysis utilized the 2022 Housing Survey microdata, and the variables were constructed based on the survey results for residents living in rental housing.
Analysis methods included independent samples t-test, multiple regression analysis, and hierarchical regression analysis. An independent sample t-test was conducted to verify whether there were differences in housing characteristics (housing size, level of housing cost burden, housing condition, and living environment) and residential satisfaction between private rental housing and public rental housing, and all five items showed statistically significant differences. The results of the multiple regression analysis of all rental housing residents showed that three factors had a significant impact on the residential satisfaction of rental housing residents, among which living environment, housing condition, and housing size had the highest standard regression coefficient (β) values. The results of the multiple regression analysis for public rental housing residents showed that living environment, housing condition and housing size have a strong impact on residential satisfaction in the same order as the analysis for general rental housing residents. In addition, the hierarchical regression analysis showed that the type of rental housing has a moderating effect on relationship between housing condition and residential satisfaction.
The main policy implications of the empirical findings on the determinants of residential satisfaction among public rental housing residents are as follows. First, the government should narrow the gap with private rental housing by selectively expanding housing size in response to residents’ demonstrated needs, rather than through uniform expansion. Second, as the living environment is the most influential factor affecting residential satisfaction, policy efforts should prioritize improvements in surrounding infrastructure, transportation accessibility, and neighborhood amenities. Third, housing conditions within public rental housing should be improved in a targeted and cost-effective manner. Finally, the government should explicitly balance rent affordability with fiscal constraints and long-term maintenance capacity, recognizing the trade-offs between low rents, housing quality, and the financial viability of public rental housing provision.