ABSTRACT
The disparity associated with rental housing price across the geographical space called for the need to understand plethora of issues that influence the price of housing rent. These issues tend to border on examining the implication of institutional facilities and infrastructure influence on rental housing price in the selected communities in Egor and Ovia North East Local Government Area of Edo State, Nigeria. The research employed the use of survey method to gather information pertaining to the research subject using the instrument of the questionnaire. Basically, the research objectives were posited to examine the following for the actualization of the stated aim: examine the socio-demographic characteristics of the respondent tenants in the study area: examine the housing characteristics in the study area: assess the factors that that influence price of housing rent in the study area: examine the structural characteristics of the housing in the study area: assess the environmental condition of the housing in the study area. the socio-demographic characteristics shows a target population of 83.9% male and 16.1% female which revealed that the male is more saddled with the responsibility of rental housing payment. Majority of the rental respondents were observed to be single who were selfemployed. It was observed that the minimum year tenants have stay in a particular house was one year, maximum of 18 years at an average of 8 years. Thus, housing characteristics in the study area were observed to range from detached bungalow, flat bungalow, flat storey building, traditional family house, rooming house storey building and rooming house bungalow of which majority of the respondent were observed to occupy rooming house bungalow because of its relative rental cost. The analysis showed that 90.8% of the houses were built by the landlord of which larger percentage of them sublet part of the house for financial gain. Moreso, on the aspect of rental cost the finding revealed that rooming house bungalow, rooming house storey building ranges between #4000.00-#7000.00. Again, the average distance to respondents’ places of work from their residents was 6 kilometers and maximum 15 kilometers while the average distance to road was observed to 2.7 kilometers. Multiple response analysis carried out revealed that institution, and proximity to road network influence rental housing price, having percentage cases of 73.5% and 92.7% based on respondent’s rank. Thus, in testing the hypothesis 1, using student t-test, the analysis showed that there was no variation in rental housing price between the two local government area of study. However, using analysis of variance indicated significant difference (F (5,354) =2.461, p<0.05.) in housing rent among the selected communities (). While the Tukey HSD Homogeneous Subset further show that Isihor and Ugbowo differ in rental housing price. Moreso, Pearson product moment correlation used to understand the relationship between income on house rent and monthly income indicated weak positive correlation r=0.174. therefore, on structural characteristics of the house it was observed that most of the houses were cemented and plastered, with majority of them having corrugated iron sheets, louvres window and iron door type. It was also observed that the toilet, kitchen and bathrooms in most of the houses have share usage with 84.7% of the houses having bore-hole within the compound. The rooming bungalow type of house was observed to be highly demanded with such houses having more than 8rooms.
