A townhouse is a multi-story, single-family home that shares one or more walls with adjacent residences yet has its own entrance and often private outdoor space like a yard or patio. In real estate, townhouses blend the vertical layout and lower maintenance of a condominium with many features of a detached house.
Townhomes thrive in areas where land is at a premium. In dense markets—such as parts of New York City or Raleigh, NC—they offer more space and privacy than an apartment at a lower price point than a detached home. Suburban townhouse communities often provide a balance of convenience and community living, incorporating shared amenities and grouped layouts.
Many townhouse developments feature homeowners associations that maintain landscaping, exterior repairs and communal facilities (swimming pools, fitness centers, clubhouses). This appeals to buyers seeking homeownership perks without the full upkeep of a standalone property.
Unlike rental apartments, townhouses are generally owner-occupied and qualify for standard mortgage financing. First-time buyers and growing families often choose townhomes for their blend of affordability, square footage and equity-building potential.
Individual owners handle interior and yard upkeep, while the HOA covers shared roofs, exterior walls and common areas. This division of labor minimizes surprise costs and time spent on repairs.
In real estate, a townhouse is a vertically oriented, attached home that offers a compelling mix of space, independence and community. By combining private entrances and yards with HOA-managed amenities, townhouses remain a top choice for urban and suburban buyers seeking balanced living solutions.
