As housing markets fluctuate, young people are looking to buy homes in cities that offer both affordability and job opportunities. This holds true for Millennial and Generation-Z veterans as well. According to a recent report from loan provider Veterans United Home Loans, Gen-Z and Millennial homebuyers who are using a loan from the U.S. Department of Veterans Affairs are choosing housing markets that are affordable yet offer a better quality of life. Of these cities, the East Coast is the top region for this demographic, with the Midwest and South following closely behind.
Each city is located within close proximity to a military base and in a state that does not tax military retirement pay, important factors for Millennial and Gen Z homeowner hopefuls. Most offer a lower-than-average cost of living and median home price compared to other large metros, with seven of the top 10 cities registering a median home price lower than the national figure ($373,667).
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