There are currently 631 condos and 891 townhomes on the market in the greater Tucson metropolitan area.

Tucson Condos and Co-ops are forms of ownership, and Townhomes are a style of construction. Whether you want a Tucson Condo or Townhome or Co-op, there is always some sort of recurring fee charged, as a Homeowner's Association fee or as rent, in the case of a co-op. Fees can vary widely, from $20 per month to $200 per month. When you plan your budget and payment for buying a condo, townhome, or co-op, make sure you include that fee in your plans.

A Tucson Condo is a form of ownership, not a style of house. A condo owner has single ownership of an individual unit, plus an undivided interest in the common areas. In simple language, this means that when a person buys a Tucson condo, they own the unit that they purchased and have a fractional interest in all of the land and property of the community. This means you own your individual unit, and you have a proportional ownership of the land under it!

Condo Conversions are a large part of the market in Tucson right now. A Tucson condo conversion is typically an apartment building, where a developer changes the way the apartments are owned, so that they can be sold individually as condos. Sometimes, the developer will also renovate the units as they are sold. The more expensive condo conversion projects in Tucson offer resort style amenities, such as pools, gyms, tennis courts, and lush grounds.

A Tucson Townhome is a style of building. In Tucson, townhomes are typically homes that share walls with other homes, and can be one or more stories tall. Townhomes, at least in Tucson, typically also have some sort of patio or small fenced yard. Townhomes may be condos (remember - a condo is a form of ownership) or may be owned as most single family homes are, as Fee Simple. Fee Simple means you own the house, the land, and everything associated with it.

Tucson has a few Co-op communities. A co-op is housing where the "owner" is a shareholder in the corporation that owns the building. Technically, since the corporation owns the building, the residents are tenants. The price of purchasing a co-op unit is like the price to purchase a stock on the stock market. As a resident in a Tucson co-op, you live on the property, but you don't really own either the building or the land, you are merely a shareholder. Because of the unique nature of co-ops, most Tucson co-op units may not be financed. Purchases are cash only.