Top 5 Housing Markets for Military and Veteran Homebuyers

Lisa Mailhot  |  June 20, 2024

Buyers

Top 5 Housing Markets for Military and Veteran Homebuyers

 

Finding the perfect place to call home is a well-deserved reward for those who have served our nation. Realtor.com® has released a new report celebrating the 80th anniversary of the GI Bill of Rights, unveiling the top housing markets tailored to military households and veterans across the United States.

The report analyzed America's 100 largest metros, considering crucial factors contributing to a military-friendly environment. From homeownership accessibility and VA loan usage to affordability, job stability, and available home inventory, these metros excel in catering to the unique needs of our military community.

Des Moines, Iowa, is at the top of the list, where military households enjoy an impressive 88.8% homeownership rate, the highest among the top 5 markets. Surprisingly, this rate surpasses even the nonmilitary counterparts, highlighting the effectiveness of military benefits in promoting financial stability.

Augusta, Georgia, and Columbia, South Carolina, follow closely, with Augusta boasting the highest number of home sales financed by VA loans per 1,000 military households. These loans provide invaluable assistance, enabling qualified borrowers to secure homes with smaller down payments, flexible credit terms, and lower interest rates – a true advantage in today's challenging market.

Columbia's booming job market, with a forecasted unemployment rate of just 3.3%, offers exceptional job security for veterans and military households, minimizing the competition for employment opportunities.

Birmingham-Hoover, Alabama, and Indianapolis-Carmel-Anderson, Indiana, tied for the most affordable markets within the top 5, with affordability scores of 0.83. This metric reflects the share of home listings accessible to homebuyers at various local income levels, making homeownership more attainable.

Among the top five is Palm Bay-Melbourne-Titusville, Florida, with the highest availability of active listings per 1,000 existing households (65.8). This abundant inventory provides more options for military households seeking their dream homes.

These top 5 housing markets showcase the nation's dedication to aiding military personnel and veterans, enabling them to prosper in communities that appreciate and address their distinct needs.

Bottom Line

If you're a military member or veteran seeking a new home in Orange County, let's connect. I'm here to guide you through the process and help you find the perfect place to call your own in this vibrant community.

 

 

Reference: “We Salute You: The Top 10 Housing Markets for Military and Veteran Homebuyers” by Julie Taylor. Published on June 18, 2024.

 

RECENT BLOG POSTS

Why New Homes Are Losing Ground to Resales

New-home sales slowed in July 2025 as affordability challenges weighed heavily on buyers, despite builder incentives and discounts. With prices dropping below existing… Read more

Job Security Anxiety Puts the Brakes on Homebuying

Nearly half of U.S. workers are reconsidering big financial moves like purchasing a home because of concerns over job stability, according to a new Redfin survey. Whil… Read more

July 2025 Housing Report Shows Growth in Southern Home Construction While Other Regions Experience Declines

July 2025 housing starts data shows single-family construction climbing in the South while slowing in other parts of the country. For Orange County buyers and sellers,… Read more

Permits for Apartments Drop 23% Will Rents Start Climbing?

Apartment-building permits slowed across the U.S. this past year, signaling tighter future rental supply even as demand firms back up. Here’s what the national trend—a… Read more

Mortgage Rates Just Hit a 4-Month Low — Opportunity Knocks for Orange County

Mortgage rates have dipped to their lowest point since April, creating new opportunities for buyers and shifting the negotiating landscape for sellers. This drop could… Read more

Renting a House or Apartment? Here's What You're Really Paying For

Renting a home comes with more than just monthly rent. Hidden costs like utilities, insurance, and maintenance can vary significantly between houses and apartments. Le… Read more

Mortgage Rates Hit 10-Month Low, Boosting Buyer Budgets

Mortgage rates have fallen to their lowest point in nearly a year, giving homebuyers more room in their budgets and creating fresh opportunities for sellers. Discover … Read more

Home Prices Drop in 14 U.S. Metros

Discover the latest housing market trends, including significant home price drops in major U.S. metros like West Palm Beach and Austin. Learn what these changes mean f… Read more

Home Prices Are Falling in These 4 Cities

Home values are now falling annually in four major U.S. cities, signaling a shift in the national housing market. Learn which metros are affected, why this matters, an… Read more

We are excited to assist you in finding your perfect home

Let's find a time that suits you best to chat about your goals, show you how we work, and figure out how we can help you the most