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10 Most Affordable Places for Veterans to Live in 2022

Numerous cities in America offer a high quality of life, but sometimes those cities are not always the most affordable for veterans looking to utilize their VA home loan benefit.

Aerial view of the sun setting over a suburban neighborhood with fall trees.
Aerial view of the sun setting over a suburban neighborhood with fall trees.

In June 2022, about 15% of homes under contract fell through due to rising rates that made closing on a home unachievable. The current mortgage rate and home price atmosphere has made home affordability the top priority for many prospective homebuyers. Fortunately, Veterans and service members have a unique advantage due to their VA loan eligibility. The VA home loan program requires no down payment and often offers lower interest rates than other loan products.

Mortgage rates on VA loans are at least 0.15% lower compared to other products – even a quarter or half a point drop in mortgage interest can help save thousands every year.

Currently, inventory is about 26% higher than last year, pushing home prices lower from their all-time highs. As the housing market continues to see a drop in cash offers and bidding wars, buyers will have more options and flexibility. Keeping the current transitions in the housing market in mind, here are the top ten most and least affordable places for Veteran buyers as of June.

Most Affordable

  • Detroit-Warren-Dearborn, MI
  • Indianapolis-Carmel-Anderson, IN
  • Pittsburg, PA
  • Hartford-East Hartford-Middletown, CT
  • Dayton-Kettering, OH
  • Harrisburg-Carlisle, PA
  • Davenport-Moline-Rock Island, IA-IL
  • Rochester, NY
  • Monroe, MI
  • Scranton-Wilkes-Barre, PA

Least Affordable

  • New York-Newark-Jersey City, NY-NJ-PA
  • Los Angeles-Long Beach-Anaheim, CA
  • Riverside-San Bernardino-Ontario, CA
  • San Francisco-Oakland-Berkeley, CA
  • San Diego-Chula Vista-Carlsbad, CA
  • San Jose-Sunnyvale-Santa Clara, CA
  • Santa Maria-Santa Barbara, CA
  • Modesto, CA
  • Oxnard-Thousand Oaks-Ventura, CA
  • Salinas, CA


Rankings are based on factors such as veteran population size, home prices and income. Veterans United Home Loans compared affordability data from the National Association of Homebuilders (NAHB) Q1 2022 Fair Housing Opportunity Index with U.S. Census Bureau veteran population statistics.

Final Thoughts

The places on this list are not only affordable, but they also offer a rich culture and history with tons of attractions to enjoy. Use our affordability calculator to estimate your loan pre-approval amount based on your income and expenses.


National Association of Home Builders/Wells Fargo Housing Opportunity Index
United State Census Bureau Veteran Population Data

Like this list? Check out the Best Cities for Veterans to Live