30 Sep Top Cities for Millennial Veterans Homebuyers
Top Cities for Millennial Veterans Homebuyers
While there is plenty of talk about the challenges Millennials face with affordable homeownership, there is one sub demographic that may have an advantage: the Millennial Veteran.
Because a Millennial Veteran has access to a VA loan, they are able to buy with no down payment, mortgage insurance or great credit – which is why this group are some of the most success homebuyers in the market today.
The nation’s largest VA lender, Veterans United Home Loans, compiled a list of the top thirty cities for young veterans as well as active duty service members. Those cities are as follows:
City Location VA Purchase Growth Percentage
|Jacksonville, FL Metro Area||228.80|
|Tampa-St. Petersburg-Clearwater, FL||144.80|
|San Antonio, Texas Metro Area||135.50|
|New York-Northern New Jersey-Long Island, N.Y.-N.J.-PA Metro Area||129.50|
|Hinesville-Fort Stewart, GA Metro Area||116.90|
|Miami-Fort Lauderdale-Pompano Beach, FL Metro Area||107.60|
|Virginia Beach-Norfolk-Newport News, Va.-N.C. Metro Area||107.30|
|Fayetteville, N.C. Metro Area||103.70|
|Washington-Arlington-Alexandria, D.C.-VA.-Md.-W.VA. Metro Area||102.30|
|Chicago-Naperville-Joliet, Ill.-Ind.-Wis. Metro Area||101.90|
|Killeen-Temple-Fort Hood, Texas Metro Area||100.00|
|Atlanta-Sandy Springs-Marietta, GA Metro Area||93.80|
|St. Louis, MO-Ill. Metro Area||81.30|
|Oklahoma City, OK Metro Area||79.80|
|Dallas-Fort Worth-Arlington, Texas Metro Area||77.50|
|Baltimore-Towson, MD Metro Area||73.10|
|Savannah, GA Metro Area||68.00|
|Phoenix-Mesa-Scottsdale, AZ Metro Area||66.20|
|Seattle-Tacoma-Bellevue, WA Metro Area||61.80|
|San Diego-Carlsbad-San Marcos, CA Metro Area||61.40|
|Philadelphia-Camden-Wilmington, PA.-N.J.-Del.-MD. Metro Area||59.10|
|Denver-Aurora, CO Metro Area||58.80|
|Jacksonville, N.C. Metro Area||56.50|
|Houston-Sugar Land-Baytown, Texas Metro Area||54.80|
|Riverside-San Bernardino-Ontario, CA Metro Area||54.10|
|Kansas City, Mo.-Kan. Metro Area||42.60|
|Omaha-Council Bluffs, Neb.-Iowa Metro Area||41.00|
|Clarksville, Tenn.-Ky. Metro Area||32.20|
|Boston-Cambridge-Quincy, Mass.-N.H. Metro Area||26.50|
|Los Angeles-Long Beach-Santa Ana, CA Metro Area||24.40|
If you would like to read more on how the data was determined, you can read the full article by clicking here.
For more than forty years, the Knipp name has been helping investors with their real estate development needs. We invite you to visit us online at www.KnippContracting.com to view our portfolio.
Whether you are looking to renovate your existing commercial building or break ground on a new commercial real estate project, our team of experienced experts are ready to help you with all your construction and real estate development needs. We look forward to hearing from you soon!