A Guide to Choosing Between Condos, Townhouses, and Single-Family Homes in Dallas

By Steven Thomas | Refind Realty

If you're house hunting in Dallas, you’ve probably noticed there’s no one-size-fits-all home. From modern condos in Uptown to spacious single-family homes in Frisco and sleek townhouses near Deep Ellum, each home type offers different benefits, costs, and lifestyles.

As a local agent, I’ve helped hundreds of buyers choose the right fit for their needs. If you're torn between a condo, townhouse, or single-family home, this guide is for you.

Understanding Your Options

Condos: Lock-and-Leave Simplicity

Condos are ideal for people who value convenience and low maintenance. Most are located in walkable areas like Downtown, Uptown, or the Design District.

Pros:

• Low maintenance (HOA covers exterior and amenities)

• Access to shared amenities like pools, gyms, and security

• Often more affordable in prime locations

Cons:

• HOA fees can be high

• Limited privacy

• Financing can be trickier due to HOA rules

Best for: Busy professionals, frequent travelers, first-time buyers, and those who want a smaller footprint near the city.

Townhouses: The Middle Ground

Townhouses offer a blend of condo convenience and single-family feel. You own the structure and often a small yard, but there’s usually an HOA.

Pros:

• More privacy than a condo

• Low to moderate maintenance

• Often newer builds with modern layouts

Cons:

• Shared walls with neighbors

• HOA fees still apply

• Yard space is limited

Best for: Small families, young professionals, or those who want a modern layout without full yard upkeep.

Single-Family Homes: Space and Privacy

Single-family homes are standalone properties with private yards, garages, and no shared walls. Dallas suburbs like McKinney, Allen, and Prosper are packed with great options.

Pros:

• Maximum privacy and space

• Full control over upgrades and landscaping

• Best long-term investment potential

Cons:

• Higher maintenance responsibilities

• Property taxes and insurance can be higher

• Often located farther from urban centers

Best for: Families, long-term planners, buyers who want room to grow, or those seeking more land and independence.

Lifestyle Considerations in Dallas

Dallas is spread out. Choosing the right home type often comes down to your lifestyle. Here’s a quick comparison:

LifestyleBest FitNeighborhoodsUrban, walkable, low-maintenanceCondoUptown, Downtown, Victory ParkModern with some spaceTownhouseTrinity Groves, East DallasRoom for kids or yardSingle-Family HomeFrisco, Plano, Prosper

Price and HOA Breakdown (2024 Dallas Market)

Home TypeAvg PriceHOA FeesAvg Sq FtCondo$270K–$400K$250–$600/month800–1,200 sq ftTownhouse$350K–$600K$150–$350/month1,300–2,000 sq ftSingle-Family$450K–$800K+None to $100/month2,000+ sq ft

(Source: NTREIS Market Reports, 2024)

Financing Tips by Home Type

Condos: Lenders may require a higher down payment if the building doesn’t meet specific guidelines.

Townhouses: Usually treated like single-family homes, so standard loans apply.

Single-Family Homes: You’ll have the most options, including FHA, VA, and conventional loans.

Need financing help? Get Pre-Approved Here

Steven’s Take

Choosing a home type isn’t just about size or price. It’s about how you live. Do you want to walk to restaurants or need space for kids and pets? Do you want to renovate or relax? I can help you make a confident decision based on your lifestyle, budget, and future plans.

Conclusion

Whether you're drawn to the convenience of a condo, the modern appeal of a townhouse, or the freedom of a single-family home, there’s something for everyone in Dallas. I'm here to help you explore your options and find the best fit for you.

Download the Lone Star App here: https://lonestarliving.hsidx.com/@sthomas
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FAQs

Q: What’s the main difference between a condo and a townhouse?
A: A condo is usually one unit in a building with shared ownership of common areas, while a townhouse is a multi-floor home with shared walls but individual ownership of land and structure.

Q: Are HOA fees required for all home types?
A: Condos and most townhouses have HOA fees. Single-family homes may or may not, depending on the community.

Q: Which home type is best for first-time buyers?
A: It depends on your lifestyle and budget. Condos and townhouses often appeal to first-time buyers for their lower maintenance and location.

Q: Is a single-family home a better investment?
A: Typically, single-family homes appreciate more and offer greater flexibility for renovations and resale.

Q: How do I get pre-approved for a home loan in Dallas?
A: You can get pre-approved here through Steven’s trusted mortgage partners.