{"id":6738,"date":"2026-10-19T10:30:00","date_gmt":"2026-10-19T10:30:00","guid":{"rendered":"https:\/\/sandpointrealtyidaho.com\/blog\/2026\/10\/19\/want-a-more-affordable-home-dont-overlook-condos\/"},"modified":"2026-10-19T10:30:00","modified_gmt":"2026-10-19T10:30:00","slug":"want-a-more-affordable-home-dont-overlook-condos","status":"publish","type":"post","link":"https:\/\/sandpointrealtyidaho.com\/blog\/2026\/10\/19\/want-a-more-affordable-home-dont-overlook-condos\/","title":{"rendered":"Want a More Affordable Home? Don\u2019t Overlook Condos."},"content":{"rendered":"\n

$\"Want$ \n

When you picture buying your first home<\/a>, chances are you\u2019re imagining a traditional single-family house with its own yard, maybe a garage, and little extra room to grow. But with affordability<\/a> still tight, getting everything on that list right away may come with a higher price tag than you\u2019re comfortable with right now.<\/p>\n

So, if you\u2019re running the numbers and buying a house like that feels like a stretch, there may be another way in. A condo.<\/strong><\/p>\n

Because in a lot of markets, condos come with a significantly lower price tag. And that could make them a smart way to get your foot in the door.<\/p>\n

Condos Can Cost Less Than You Think<\/strong><\/h4>\n
According to a recent study by Zillow:\u00a0<\/em><\/p>\n
\n
\u201c<\/em>Condos are the most commonly affordable home type in virtually every metro.<\/em><\/strong> At the starter level, the savings can be pretty significant. Nationally, <\/em>starter condos average $197,468 \u2014 that\u2019s about 6% less than the typical starter home.<\/em><\/strong>\u201d<\/em><\/p>\n<\/blockquote>\n
And depending on where you live, the difference can be much bigger.\u00a0<\/p>\n
Zillow<\/em> identified metro areas where typical starter condos are priced significantly below the estimated home price a median-income household could afford. Here are the top 10 according to that research (see chart below<\/em>).<\/p>\n
In Houston, the gap is at its widest. There, a typical starter condo was valued at about $85,600 \u2013 72% below the price considered affordable based on the area\u2019s median household income.<\/strong><\/p>\n
$\"a$ \u00a0<\/p>\n
Of course, every market is different. But the bigger point is this: if you\u2019ve only been searching for traditional single-family houses, you may be overlooking some of the more affordable options on the market.<\/strong><\/p>\n
And even if your city didn\u2019t make this list, that\u2019s okay. The trend holds true in many places across the country. Here\u2019s why.<\/p>\n
A Condo Could Give You a Different Way In<\/strong><\/h4>\n
Part of the reason condos can cost less is pretty straightforward. They\u2019re typically smaller. And less square footage can mean a lower purchase price.<\/p>\n
So, if you can make do with a bit less space or you\u2019re coming from a smaller apartment now, this can be a great way in. Plus, on the upside, you won\u2019t have to buy a ton of furniture to fill out a bigger house. You can get a potentially lower price up front and spend less once you move in because you\u2019ll need less new stuff to fill that empty space.<\/p>\n
And more buyers are making that trade off on space to offset the current affordability challenges. Ali Wolf, Chief Economist for New Home Source<\/em>, explains:<\/p>\n
\n
\u201cIn addition to favoring smaller floor plans, more consumers are showing a willingness to live in an attached home. This shift is not driven by a preference for shared walls, but by a pursuit of value.\u201d<\/em><\/p>\n<\/blockquote>\n
That\u2019s really the heart of it. Looking at condos isn\u2019t necessarily about wanting less. It\u2019s about finding another way to make your move happen with the budget<\/a> you have.<\/p>\n
Don\u2019t Rule Out an Option That Could Work<\/strong><\/h4>\n
If you\u2019ve been struggling to find a house you like at a price you can comfortably afford, talk to your agent about adding condos to your search.<\/strong><\/p>\n
You may find something in a neighborhood you thought was outside your budget. You could get access to amenities you wouldn\u2019t otherwise have. And you may be able to become a homeowner sooner rather than waiting for the numbers on a single-family house to work.<\/p>\n
While there are trade-offs like shared walls, less outdoor space, and an HOA fee to factor into your monthly budget, maybe that\u2019s worth it if you finally get your own set of keys.<\/p>\n
Plus, a lot of the times, a condo community comes with great amenities like pools, gyms, and the condo association handles at least some of the maintenance. Which is closer to what you\u2019re used to from your apartment \u2013 it could make the transition to homeowner not just more affordable, but that much easier too.<\/p>\n
Bottom Line<\/h3>\n
The first home you buy doesn\u2019t have to be a single-family house. If affordability has been holding you back, talk to a local agent about expanding your search and see whether a condo could fit the price point you\u2019re looking for.<\/p>\n<\/div>\n\n<\/body>","protected":false},"excerpt":{"rendered":"
When you picture buying your first home, chances are you\u2019re imagining a traditional single-family house with its own yard, maybe a garage, and little extra room to grow. But with affordability still tight, getting everything on that list right away may come with a higher price tag than you\u2019re comfortable with right now. So, if […]<\/p>\n","protected":false},"author":1,"featured_media":6739,"comment_status":"registered_only","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12],"tags":[29,27,20,18,28],"class_list":["post-6738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-insight","tag-idaho-real-estate","tag-north-idaho-homes","tag-rain-silverhawk","tag-real-estate","tag-sandpoint-idaho"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t