The Townhouse Boom: Why Everyone Wants One

Who Wants a Townhouse? Everybody Wants a Townhouse!

Boomers, Millennials, singles, divorcees, newlyweds, young families, first-time buyers, empty nesters – townhouses are soaring in popularity among all age groups. What is driving this trend?

The Difference Between Townhouses, Detached Homes, and Condos

First things first. What exactly is a townhouse? Most people are aware of the difference between a townhouse and a detached home: townhouses share at least one wall with a neighboring property, whereas detached homes do not share any walls. Townhouses are usually built in a row or as dual- or quad-units and have little to no land beyond what the home sits on, while single-family homes have varying yard and lot sizes.

What is more confusing is the difference between a townhouse and a condo. Sometimes these terms are used interchangeably, but they are not the same thing. Both share at least one wall with a neighbor, but condos may be surrounded by neighbors on all sides – walls, floor, and ceiling – similar to an apartment building. Townhomes only share one wall.

Townhomes and detached homes are the most similar of the three because homeownership includes the entire building – interior and exterior – plus the land it sits on. Condo owners don’t generally own the exterior of their unit and don’t have any land to speak of.

Four Factors That Drive Townhome Popularity

Many of the defining characteristics of townhomes appeal to all types of buyers:

1. Cost

When compared to an equivalent single-family home, townhomes are usually less expensive. One reason for this is townhouses often have less square footage than detached homes, which helps control costs. Even with comparable square footage and amenities, townhouses still cost less because they don’t come with as much land. Long-term maintenance and utility costs are typically lower, too. Shared walls provide added insulation, reducing energy needs for heating or cooling.

2. Convenience

Many people find townhouses easier to own than single-family homes. With no yard, there’s minimal outdoor maintenance. Homeowner’s associations (HOAs) often manage landscaping, snow removal, and exterior repairs. Amenities like pools, fitness centers, and security features (gated entries, 24/7 guards) add to the appeal for busy homeowners.

3. Availability

As land prices rise, builders favor townhomes for their density. This has led to a surge in townhome construction, catering to diverse demographics like retirees, young professionals, and downsizers. Increased supply makes townhomes more accessible to first-time buyers, divorcees, and urban dwellers seeking proximity to city centers.

4. Location

Location remains a top priority. Buyers increasingly prioritize shorter commutes, access to amenities, and urban living. As one Boston real estate agent noted:

“Nearly two-thirds of homebuyers prioritize commute time. They’ll sacrifice space to live closer to work and social hubs.”

Proximity to arts, healthcare, transit, and culture further fuels demand for townhomes in urban areas.

What Do You Love About Townhomes?

With their blend of affordability, convenience, and prime locations, townhomes are here to stay. What draws you to them? The compact design, low maintenance, urban lifestyle, or something else? Share your thoughts below!

Explore Townhomes and New Home Options