Several GA Cities Make List of Top Places for Millennial Veteran Homebuyers

City Name	VA Purchase Loan Growth	Average Purchase Price CY18
1. Jacksonville, FL MSA	228.80%	$238,066
2. Tampa-St. Petersburg-Clearwater, FL	144.80%	$252,566
3. San Antonio, TX MSA	135.50%	$235,646
4. New York-Northern New Jersey-Long Island, NY-NJ-PA MSA	129.50%	$429,868
5. Hinesville-Fort Stewart, GA MSA	116.90%	$166,877
6. Miami-Fort Lauderdale-Pompano Beach, FL MSA	107.60%	$316,611
7. Virginia Beach-Norfolk-Newport News, VA-NC MSA	107.30%	$248,126
8. Fayetteville, NC MSA	103.70%	$174,716
9. Washington-Arlington-Alexandria, DC-VA-MD-WV MSA	102.30%	$398,350
10. Chicago-Naperville-Joliet, IL-IN-WI MSA	101.90%	$247,418
11. Killeen-Temple-Fort Hood, TX MSA	100.00%	$169,756
12. Atlanta-Sandy Springs-Marietta, GA MSA	93.80%	$241,864
13. St. Louis, MO-IL MSA	81.30%	$196,128
14. Oklahoma City, OK MSA	79.80%	$194,254
15. Dallas-Fort Worth-Arlington, TX MSA	77.50%	$263,975
16. Baltimore-Towson, MD MSA	73.10%	$336,330
17. Savannah, GA MSA	68.00%	$217,980
18. Phoenix-Mesa-Scottsdale, AZ MSA	66.20%	$269,597
19. Seattle-Tacoma-Bellevue, WA MSA	61.80%	$371,814
20. San Diego-Carlsbad-San Marcos, CA MSA	61.40%	$488,724
21. Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA	59.10%	$284,844
22. Denver-Aurora, CO MSA	58.80%	$385,784
23. Jacksonville, NC MSA	56.50%	$175,197
24. Houston-Sugar Land-Baytown, TX MSA	54.80%	$244,864
25. Riverside-San Bernardino-Ontario, CA MSA	54.10%	$362,697
26. Kansas City, MO-KS MSA	42.60%	$214,586
27. Omaha-Council Bluffs, NE-IA MSA	41.00%	$215,955
28. Clarksville, TN-KY MSA	32.20%	$191,662
29. Boston-Cambridge-Quincy, MA-NH MSA	26.50%	$428,355
30. Los Angeles-Long Beach-Santa Ana, CA MSA	24.40%	$498,423

As a result of their education benefits and not being burdened with mountains of student loan debt, more young Veterans have been able to get ahead of the homebuying curve. VA loans have allowed qualified buyers to purchase homes with no down payment, no mortgage insurance and without the need for top-tier credit.

According to Veterans United’s data, average credit scores for millennial homebuyers increased eight points in three years, from 693 in 2015 to 701 in 2018. The average purchase price in 2018 for millennial VA buyers in the Top 30 Cities was $257,076. Average purchase price topped out in Los Angeles at $458,813, with the lowest average purchase price in the Killeen-Fort Hood metro area in Texas.