Today we honor those who have served, and those who are actively serving in the military. Looking at data from the recently released 2015 Profile of Home Buyers and Sellers, we can see home buying trends among active military and veteran home buyers.

  • Recent home buyers who were active military or veterans made up 21 percent of all recent home buyers. 28 percent were first-time home buyers.

veteran's day

  • The median age among active military and veteran home buyers was 48 years old. Active military buyers were typically 34 years old, and veteran buyers were 61 years old.
  • Seventy-eight percent of buyers were married couples, nine percent single males, and 6 percent single females.
  • The most commonly purchased home type was a single-family home at 86 percent, five percent purchased townhomes, and two percent purchased apartments or condos.
  • Prior to purchasing, 50 percent of buyers rented an apartment or house.
  • The main reason for their recent purchase was the desire to own a home of their own, 26 percent. Twenty-one percent purchased because of a job related relocation or move.

Reasons for purchase

  • Forty-one percent of recent buyers found virtual home tours to be very useful during the home search process.
  • When searching for their home 85 percent of active military and veteran home buyers bought their home through a real estate agent or broker.

For more information on active military and veteran home buyers view the Veterans Day infographic, and highlights from the 2015 Profile of Home Buyers and Sellers.