Metros with a smaller share of homeowners saw more outbound migration over the pandemic, according to a recent analysis from Placer.ai.
The firm's analysts found that pre-COVID, urban centers with a higher share of renter-occupied households like New York City (48.2%) and Los Angeles (51.4%) were already experiencing higher than average outbound migration (-0.13% and -0.10%, respectively), while cities with lower shares of renter-occupied households like Boise posted positive migration growth of 0.06% during the same period.
But after COVID, net migration out of New York and Los Angeles dropped to 0.20% and 0.15%, respectively, while the net migration into Boise increased to 0.7%, said Placer.ai's Ben Witten.
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