The Characteristics of Hispanic Home Buyers in the Military

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The Characteristics of Hispanic Home Buyers in the Military - Latina on Real Estate

Last month, the National Association of Realtors (NAR) published their Veterans and Active Military Home Buyers and Sellers Profile. Since Monday was Memorial Day, a federal holiday celebrated in the United States, I thought I would share some interesting figures from the study.

The report highlights some characteristics of military home buyers:

  • Military buyers see purchasing a home as a good financial investment.
  • The primary reason for the home purchase was:
    • 30% the desire to own a home of their own
    • 33% a job relocation
    • 14% want to be closer to friends and family
    • 11% retirement
  • The typical buyer was 44 years old, with a median household income of $86,100.
  • Of recent buyers:
    • 67% were married couples
    • 15% were single females
    • 9% were single males
    • 7% were unmarried couples
  • 64% of active-service military had children living at home.
  • 13% of home buyers purchased a multigenerational home.

The report also highlights some characteristics of Hispanic military home buyers:

The race and ethnicity of veterans and active-service military is more diverse as compared to all home buyers. In fact, 12% of all active-service military members identified as Hispanic or Latino.

  • 27% of active-service military home buyers identified as Hispanic/Latino.
  • 14% of active-service members were foreign buyers.

There are many VA programs available. If you would like to buy a home and would like to see the options available to you in your area, call your local real estate professional today!

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