1. Virginia Beach-Norfolk-Newport News, VA-NC

• VA loans issued per capita: 0.0063
• Number of VA loans issued: 11,392
• Total population: 1,808,102
• Median interest rate on VA loans: 6.25%
• Median property value: $345,000
• Median veteran-homebuyer income: $97,000

2. San Antonio-New Braunfels, TX

• VA loans issued per capita: 0.0036
• Number of VA loans issued: 9,526
• Total population: 2,655,342
• Median interest rate on VA loans: 5.75%
• Median property value: $345,000
• Median veteran-homebuyer income: $108,000

3. Jacksonville, FL

• VA loans issued per capita: 0.0035
• Number of VA loans issued: 5,880
• Total population: 1,675,668
• Median interest rate on VA loans: 6.00%
• Median property value: $365,000
• Median veteran-homebuyer income: $98,000

4. Tampa-St. Petersburg-Clearwater, FL

• VA loans issued per capita: 0.0019
• Number of VA loans issued: 6,263
• Total population: 3,290,730
• Median interest rate on VA loans: 6.13%
• Median property value: $405,000
• Median veteran-homebuyer income: $108,000

5. Las Vegas-Henderson-Paradise, NV

• VA loans issued per capita: 0.0018
• Number of VA loans issued: 4,285
• Total population: 2,322,985
• Median interest rate on VA loans: 5.99%
• Median property value: $435,000
• Median veteran-homebuyer income: $105,000

6. Washington-Arlington-Alexandria, DC-VA-MD-WV

• VA loans issued per capita: 0.0015
• Number of VA loans issued: 9,876
• Total population: 6,373,829
• Median interest rate on VA loans: 6.07%
• Median property value: $565,000
• Median veteran-homebuyer income: $154,000

7. Phoenix-Mesa-Chandler, AZ

• VA loans issued per capita: 0.0014
• Number of VA loans issued: 7,007
• Total population: 5,015,678
• Median interest rate on VA loans: 6.00%
• Median property value: $435,000
• Median veteran-homebuyer income: $105,000

8. Atlanta-Sandy Springs-Alpharetta, GA

• VA loans issued per capita: 0.0013
• Number of VA loans issued: 8,329
• Total population: 6,222,908
• Median interest rate on VA loans: 6.25%
• Median property value: $385,000
• Median veteran-homebuyer income: $101,000

9. Raleigh-Cary, NC

• VA loans issued per capita: 0.0013
• Number of VA loans issued: 1,968
• Total population: 1,484,338
• Median interest rate on VA loans: 6.13%
• Median property value: $405,000
• Median veteran-homebuyer income: $109,000

10. Baltimore-Columbia-Towson, MD

• VA loans issued per capita: 0.0013
• Number of VA loans issued: 3,617
• Total population: 2,835,672
• Median interest rate on VA loans: 6.25%
• Median property value: $435,000
• Median veteran-homebuyer income: $128,000

Data and Methodology

To find where veterans are buying the most homes, SmartAsset reviewed Home Mortgage Disclosure Act data for 2023. Specifically, the number of originated VA loans was considered, relative to the size of the local population in the same metro area as according to 2022 U.S. Census Bureau data. The median income of new associated veteran homeowners, as well as subject property value and interest rates, were also considered.