Why a Condo May Be a Smart Way Into Homeownership

By David Parks · eXp Realty · The Apollo Group · 2 min read

The Short Answer

Starter condos tend to cost less than starter houses. Zillow found nationally that starter condos average about $197,468, roughly 6 percent less than the typical starter home. In some metros the gap is much larger.

Why a Condo May Be a Smart Way Into Homeownership
Illustration by David Parks

Why condos cost less

They are usually smaller, and less square footage often means a lower price. Some buyers are accepting smaller floor plans and shared walls in exchange for value, a trend noted by new-home economists.

Metros where starter condos cost least compared with what is affordable (Zillow)
Graphic: Keeping Current Matters

Trade-offs to weigh

What you may gain

Condo communities often include amenities like pools or gyms, and the association handles some maintenance. That can make the move from renting to owning easier.

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Do your homework in Denver

Review the HOA documents carefully, including reserves, insurance, and any planned work. Ask about owner-occupancy ratios, since some lenders limit loans in buildings with many rentals. Compare the total monthly cost, not just the price.

Next step

If a house is out of reach, add condos and townhomes to your search. The home search lets you filter by property type, and David can walk through HOA documents with you.

Sources and dates

Zillow research as reported in October 2026. National figures.

Key Takeaways
  • Why condos cost less: They are usually smaller, and less square footage often means a lower price.
  • Trade-offs to weigh: Shared walls and less outdoor space.
  • What you may gain: Condo communities often include amenities like pools or gyms, and the association handles some maintenance.
  • Do your homework in Denver: Review the HOA documents carefully, including reserves, insurance, and any planned work.

This article is general information, not legal, tax, financial or inspection advice. Every home and situation is different, so confirm details with a licensed inspector, lender, attorney or tax professional.

David Parks
About David Parks

David is a Greater Denver real estate advisor with eXp Realty and The Apollo Group (Colorado broker license FA100103211). He has closed more than $55 million in volume, earned eXp Icon status in 2025, and holds a 5.0 rating on Zillow from 27 verified reviews.

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