Market Snapshot
Detroit is the most populated city in Michigan and the largest U.S./Canada border city. Its metro area, known locally as Metro Detroit, is home to more than 4.3 million residents, making it the second most populated city in the Midwest behind Chicago. Detroit is a major cultural hub, synonymous with art, design, architecture, and music. It is a diverse city with a low cost of living, and Metro Detroit is one of the most commutable in the country. Detroit is also a popular city among young professionals looking for new construction townhomes for sale in Michigan.
New build townhomes for sale in Detroit
Condominiums in Detroit typically feature traditional architecture and offer luxury residences with a convenient, low-maintenance lifestyle. Here, most townhouses are two-story, attached units, averaging three bedrooms, 2.5 baths, and garages. In some cases, townhomes here have basements as well. Condos here offer innovative living spaces and open concept floorplans designed for convenience and comfort.
Why rent when you can own a condo in Detroit?
New build condominiums give individuals a unique opportunity to experience low-cost, low-maintenance homeownership with the same home equity they would get from a traditional single-family home. Currently, there are 11 communities with condominiums and townhouses for sale in Detroit from 3 builders specializing in new build townhouses and condominiums. Condos in Metro Detroit start as low as $329,990.
New townhomes have changed a lot over the last decade making the pre-construction townhome market soar to new heights. Michele Lerner shares her thoughts on why townhomes are in demand. These are not the row-houses and new construction duplexes of yesteryear. Modern townhouses come with luxury appointments and a range of options. While there are still many townhouse developments that offer attached duplex, triplex, or quadplex floorplans, newer developments often provide detached townhomes and condos in duplex and other configurations. While these townhomes look attached, in higher-end neighborhoods, builders may invest in separate walls for use in multiplex housing units giving you the privacy, security, and silence of a detached home.
Before shopping for your new townhome, you will want to know a little bit about the shopping process, the benefits, financing, and how newer amenities separate today's townhome developments from those of just a few years ago. First off, here are a few things to know and do when shopping for a townhome, and 10 reasons why a townhome might be right for you. Then you may need to consider how you will finance your new townhouse or condominium in Detroit.
Finally, you will enjoy some of the best new ammenities for townhome and condo living that just were not available a decade ago. Here are some of the new amenities in multi-family homes you are likely to find in Detroit.
Townhomes and condominiums are typically more affordable in Detroit than single-family homes with prices starting at $329,990 all the way to $570,690 and beyond. Of course, if you choose to live in a luxury townhome or condominium, the prices can be quite high.
Townhomes & Condos in Detroit, MI
Finding new construction townhomes and condos for sale in Detroit is easy with Newhomesource. Here's an overview of what you will find for sale on NewHomesource.com.
| Townhome & Condo Communities | 11 |
| Homes for Sale | 563 |
| Floor Plans Available | 28 |
| Home Ready Now | 35 |
| Starting Price | $329,990 |
| Square Footage | 349 to 2,949 sq/ft |
| Bedroom Options | 1 to 4 |
| Bathroom Options | 1 to 2 |
| Leading Builders with New Construction Condos and Townhomes |