"Condos and townhouses are often considered more affordable alternatives to single-family homes, offering lower price points, reduced maintenance, and easier entry into homeownership. However, the long-term wealth potential of these property types varies based on location and market forces. Over the past decade, both condos and townhouses have shown significant equity gains, with subtle differences reflecting the evolving housing landscape driven by affordability challenges."
"Condos and townhouses have appreciated almost equally over the last decade, with townhomes slightly edging out condos recently as buyers seek "house-like" living without the higher price tag of detached homes. Regional trends show varying appreciation rates, with condos outpacing townhouses in more affordable regions like the Midwest and South, while townhouses excel in higher-cost areas such as the Northeast and West."
Condos and townhouses provide lower upfront costs, reduced maintenance, and simpler entry into homeownership compared with detached single-family homes. Long-term wealth accumulation differs by location and market dynamics, but both property types delivered meaningful equity gains over the past decade. Townhouses have recently edged out condos as buyers favor house-like layouts and land ownership, benefiting from broader buyer appeal and lower HOA fees that support resale value. Condos perform strongly in more affordable regions like the Midwest and South, offering accessibility and competitive appreciation where townhouse demand is comparatively lower.
Read at SFGATE
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