Only if the college or university offers something you cannot find in your home state or their are other personal reasons, like you two or more states or parts of states have ALWAYS been home in YOUR mind. I grew up in both greater New Orleans AND the Oklahoma panhandle. When I started graduate school in central Oklahoma in 1981, I was more "home" after I adjusted than I was in New Orleans. In my head I am 4th generation Okie. I've sold the New Orleans house. A nice of my heart will always be there, but that is NOT "home" anymore. I cannot go "home" anymore to the security I had while my father was alive.
It really depends on the person. If I had pursued a Ph.D. in planetary geology I would have had to move to another state or Canada. There are only about 10 universities that offer the type of Ph.D
program I wanted, and they were pretty much one faculty member programs. If they changed universities for any reason, usually departmental politics, I would have had to move as well.
I had to find a new masters thesis committee member because someone DID resign because of departmental politics and went to another university.