veterans

Best cities for veterans

by
Green Escrow | Real Estate

As we’ve just passed Memorial Day, here is a list of the top ten metro areas for veterans, as compiled by Veterans United Home Loans, taking into account affordability, amenities, small-town calm and maybe even a beach. The median listing price is included.

  1. Myrtle Beach, SC – $300,000
  2. Atlantic City, NJ – $244,900
  3. Lawrence, KS – $370,000
  4. Sioux Falls, SD – $375,000
  5. Battle Creek, MI – $210,500
  6. Decatur, IL – $125,000
  7. Cleveland, OH – $144,900
  8. Altoona, PA – $149,900
  9. Rapid City, SD – $415,000
  10. Lawton, OK – $164,900

Active Service Military Buying Homes at a Rapid Rate

by
Market News

The National Association of Realtors®’ recently released Veterans & Active Military Home Buyers and Sellers Profile reports that active duty military buyers between the ages of 18 and 35 are buying homes at a significantly greater rate than the civilian population: 51 percent as compared to 34 percent.

While their median income tends to be lower – $76,800 – job security and no down payment load options make buying possible. Moreover, military personnel tend to marry and raise a family at a younger age and carry much less student debt, both making purchasing a home more desirable and achievable.

Finally, Veterans Affairs loans offer 100 percent financing for both veterans and active-service home buyers.