More renters looking to relocate now than before pandemic, report says

Renters searched for their next home in other metro areas at higher rates during the first quarter of 2022 than before the pandemic, according to a quarterly report by Apartment List, a rental housing platform. The “Renter Migration Report” found that 40 percent of renters were looking for a home in a new metro area, while 27 percent were searching for a home in a new state, according to the report. The national median rent increase of 16 percent during the first quarter of 2022 compared with the first quarter of 2021 may be one reason renters were seeking to relocate.