Good luck with whatever you decide and thank you for your service to your Country.
3 years would be a hard call to buy a home then sell it for a profit or even to be back to a break even point.
Renting near the campus will not be inexpensive due to the demand of students/ rentals for game days.
I still would think for 3 years you should be able to find a good rental for 3 years.Let me know what your dates are to find a rental,how many bedrooms,what distance from campus works.Hope that helps Bruce Gordon/Hallmark R.E.
I would buy over renting anyway, but just be aware you may only break even or even lose a bit on the sale. If you are prepared for that, so be it. Hopefully in 3 yrs things will have picked up more than they have up to now, but that cant be counted on. Good luck with your decision!
Another consideration is the price and availability of homes in the specific area you are looking to buy. Is there a high turnover? My kids are in a town where there are a large number of medical residents moving in and out annually. In your military town, that might also be the case. You would still need to be able to purchase at a price considered below market value in order to sell in three years - and none of us has that crystal ball that tells what things will be like then.
Call if I can clarify further in some way.