5 Best Places To Buy Townhomes in 2022
Townhomes are quickly becoming one of the more popular real estate options in today’s market. These fantastic homes are an excellent real estate option for a number of reasons:
- They’re affordable
- They are a great investment opportunity
- They offer a sense of community
- They’re perfect for families, young couples, and retirees alike
Townhomes not only provide the perfect mix of affordability, privacy, and community, but they are also perfect for a number of different lifestyles and budget types. More and more, homebuyers are opting to settle down into a cozy neighborhood featuring rows of townhomes rather than a more rural single-family home or a pricey downtown condo.
If you’re hoping to shop around for a townhome in 2022, here are five places where you’ll find the best real estate options:
1. Nashville, Tennessee
Over the last few years, Nashville has become one of the hottest destinations for families and aspiring entrepreneurs. This capital city has drawn a flock of new homebuyers with its amazing music scene, burgeoning job market, and affordable cost of living.
In addition to its many charms, Nashville is also home to a wide variety of townhome communities that cater to a variety of lifestyles and budget types. From trendy downtown neighborhoods to sprawling suburban developments, there’s sure to be a townhome community in Nashville that fits your needs.
If you’re considering a townhome in Nashville, expect to pay around the mid $200,000s to mid $300,000s, although homes for sale can be found anywhere from the high $100,000s to about $800,000.
2. South Loop, Chicago
Over the last few decades, Chicago has undergone a number of changes. Once a sprawling metropolis on the verge of collapse, this great city has been reinventing itself to become one of the most exciting and diverse cities in America.
One of these exciting changes is its ongoing transformation from a largely residential city to a bustling cosmopolitan center featuring some of the best bars, restaurants, and shops in the country. One of the most exciting places in this thriving city is the ever-expanding South Loop, where you’ll find tons of new townhomes that are perfect for young families and professionals alike.
Townhomes for sale in South Loop vary in cost, but average between the mid $400,000s and high $500,000s. Some of the more luxurious real estate options list for over $1.5 million, offering a great range of prices for all budgets.
3. Phoenix, Arizona
As one of the hottest cities in America, Phoenix has become a mecca for both retirees and young families alike. After all, who wouldn’t be attracted to year-round warm weather, affordable homes, and endless attractions and amenities to enjoy?
Townhomes have become a popular real estate option for those relocating to Phoenix and there’s a great selection of townhouse developments to choose from! You’ll find a wide range of options, from traditional townhomes with two stories to luxurious single-level estates.
If you’re looking for the perfect townhome in Phoenix, you can find a range of styles and prices. Smaller townhomes can be found in the high $100,000s to mid $200,000s, while larger and more upscale new construction developments are selling for more than $2 million.
4. Austin, Texas
Often hailed as the most livable city in America, Austin offers affordable housing, an amazing job market, and a wealth of entertainment options for all ages. It’s no wonder that so many are flocking to this Texas metropolis!
Austin is also home to a wide selection of townhome developments offering great real estate opportunities. You’ll find everything from traditional townhomes built in rows to fabulous new construction developments boasting the top market trends.
If you’re interested in relocating to Austin and are hoping to find a beautiful townhome to reside in, expect to pay anywhere between $300,000 to $600,000 as this is the price range that the typical townhouse falls between.
5. Durham, North Carolina
Durham is one of the most up-and-coming cities in North Carolina, and its townhome market is booming! This charming city is home to a great mix of young families, professionals, and retirees, all of whom are drawn to Durham’s excellent schools, diverse job market, and beautiful parks and gardens.
As you can imagine, if you want to become a homeowner in Durham, the first place many turn is the thriving townhome market. There’s a great selection of these properties available and they vary greatly. For instance, you can find small one- to three-bedroom starter homes in the high $100,000s to mid $300,00s, while luxury, three-bedroom options can be found for upwards of $800,00.
So, if you’re on the hunt for a townhome in one of America’s most exciting and up-and-coming cities, be sure to check out Durham! With a booming job market and plenty of things to do, it’s no wonder this city is attracting so many people.
Looking for a great place to live and a solid investment? These five places are good bets for both! There are so many fantastic cities that are constantly building new townhome developments and this list is just the start! You can find a great townhome in any of these vibrant locales and more, so do some research and find the best place to suit your lifestyle!