The dream of homeownership has become more challenging for the average American, with salaries needed to afford a home more than doubling since the COVID-19 pandemic. However, townhouses are emerging as a more affordable entry point to owning property, offering significant savings in monthly costs compared to single-family homes.

Realtor.com economist Joel Berner highlights the financial benefits of townhomes, pointing out that in several ZIP codes across the country, townhomes are selling at a 30%-plus discount compared to single-family homes. This trend is particularly prominent in city centers of Atlantic markets where land is scarce and expensive, making townhomes a more accessible option for prospective homeowners. Despite the rise in popularity of townhouses, experts remain skeptical about whether they will completely overshadow the traditional single-family home, which continues to align with core American values of independence and private property ownership.

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