I might say stay away from the "less than $130,000" range. You certainly can fine some reasonable properties in that range, but they may need some work, and if you have a family, I wouldn't add weekends of "honey-do" lists to flight school.
I am not saying "don't buy" but be careful.
There are plenty of areas/neighborhoods in the Milton/Pace area at various price ranges, but if you are looking for a rental property, obviously go into it with that mindset, NOT from finding a house you love for your family. Students now are about 50/50 split between single and married, so a nice neighborhood "close" to whiting (within 20 minutes or so) would be a good bet for the family guys. Look around the milton area and even about 1 mile south of base there is a neighborhood where a lot of students live. Pace/Milton on Berryhill rd...look in there.
Remember, you may only be there for a very short time...you don't know if Whiting through primary and helicopters, or NAS Pensacola, then Corpus, lots of variables.
Good luck.