Unpacking the Term: This type of housing is known as “multifamily residential” or “multi-dwelling unit” (MDU) housing. It’s designed to accommodate multiple households within a single structure or a closely-knit complex of buildings.
Beyond Just Apartments: While apartment buildings are the most recognizable form of multifamily housing, this category also includes:
- Condominiums: Individually owned units within a larger building or community.
- Townhouses: Attached homes sharing walls, often with multiple stories.
- Duplexes, Triplexes, Fourplexes: Smaller structures containing 2-4 separate units.
- Mixed-use Developments: Combining residential units with commercial or retail spaces.
Reasons for Popularity: Multifamily housing offers several advantages:
- Increased Density: Allows more people to live within a given area, particularly important in urban settings.
- Affordability: Can be more cost-effective to build and can offer more affordable housing options.
- Community: Promotes a sense of community and shared amenities within the complex.