In Celebration of GI Bill, Realtor.com® Identifies the Top 10 U.S. Housing Markets for Military Households 

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To celebrate the 80th anniversary of the GI Bill and its many benefits for military households, Realtor.com® identified the top 10 U.S. metros best suited for military households. Taking key criteria important to military home shoppers into consideration, the top market on the list is Des Moines-West Des Moines, Iowa.  

The top 10 in rank order include: Des Moines-West Des Moines, Iowa; Augusta-Richmond County, Ga.-S.C.; Columbia, S.C.; Birmingham-Hoover, Ala.; Palm Bay-Melbourne- Titusville, Fla.; Little Rock-North Little Rock-Conway, Ark; Indianapolis-Carmel-Anderson, Ind.; Memphis, Tenn.-Miss.-Ark; Richmond, Va.; and San Antonio-New Braunfels, Texas. 

With affordability still a major factor in home buying decisions, knowing which markets offer lower home prices, high military homeownership rates, and a lower forecasted unemployment rate can help military households across the U.S. find the best town for their family. Moreover, these markets also have a high rate of home sales financed by VA loans, which provide significant financial relief and make it easier for military members to achieve homeownership in their desired location, despite high prices and competition for homes. 

The Servicemen’s Readjustment Act of 1944, commonly known as GI Bill of Rights, was a law that provided a range of benefits for those returning from World War II including federal aid to help veterans buy homes, get jobs and pursue an education. 

“Veterans have many benefits when it comes to real estate, thanks to the GI Bill and other important legislation. Unfortunately, seven in 10 Veterans are unaware they qualify for a zero-down home loan,” said Mickey Neuberger, chief marketing officer for Realtor.com®.  “Understanding what you qualify for and navigating the process can be really overwhelming in the biggest financial transaction of your life. The best way for military homebuyers to be certain they are taking advantage of all their benefits is to work with a buyer’s agent who specializes in working with the military community and can provide insights into the best local markets, the right home, and loan options.” 

“Having a buyer’s agent in your corner who understands the unique needs and circumstances of Veterans is essential in the homebuying process,” said Barby Wulff, executive director for Veterans United Realty. “A buyer’s agent will help Veterans navigate the challenges of today’s real estate market to best take advantage of their hard-earned home buying benefit. The VA home loan is a time-proven resource that has helped over 28 million Veterans and military families realize and succeed at the American dream of homeownership.” 

 The 10 U.S. metros are ranked based on the following factors: 

• A measure of VA loan use, estimated by the number of sales financed by VA loans per 1000 military households 

• A measure of homeownership accessibility, estimated by the homeownership rate among military households 

• A measure of the effectiveness of military benefits in promoting financial stability and access to homeownership, estimated by the homeownership rate gap between military and non-military households, adjusted for age-differences 

• A measure of affordability, measured by the Realtor.com® affordability score reflecting the share of home listings in a market that are affordable to those at various local income levels 

• The availability of homes for sale, measured by active listings per 1000 existing households, to ensure that homebuyers have a good amount of choice in their search 

• A measure of job stability, estimated by the forecasted unemployment rate