Pandemic Migration Made Rent Less Affordable Across the U.S.
- Rents slid in pricey counties, soared in more-affordable ones
- Analysis by Zumper shows effect of flight from costly cities
Source: Getty Images
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They fled Seattle for Tacoma, San Francisco for Sacramento and New York City for Kingston.
As people relocated during the pandemic, median rents plunged in pricey, more-affluent U.S. counties and soared in cheaper ones where residents tend to earn less, according to a new report by Zumper, one of the country’s largest online apartment rental services. The broader implication is that affordability likely declined nationwide.