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.
According to a report from Clever Offers, states with legalized recreational cannabis have seen significantly higher home value appreciation than those that haven't, with a difference of $60,327 since 2009.