Renters Heading for the Burbs May Face Rude Awakening

At the start of the covid pandemic, Americans left large cities for suburban areas, believing they would be less likely to get the disease in an area with fewer people.

Not surprisingly, that pushed up rents in suburban areas while curbing them in urban areas.

The rent advantage of living in suburbs over urban areas decreased by 52.9% from July 2019 to July 2022, according to a study by Realtor.com, a real estate information service. That advantage slipped to $107 a month from $175 three years earlier.

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