In general, condos appreciate in value at a slower rate than single-family homes. ... Even though condos generally appreciate at a slower rate than single-family homes, they're still likely to increase in value over time.

How well do condos hold their value?

Yes, condos generally appreciate in value. That's true of any piece of property—as long as it doesn't have wheels or come from a trailer park. ... For example: From 2017 to 2018, the median price for condos grew by 3% while single-family homes grew by over 5%.

Do condos depreciate?

You can depreciate the cost of the condo building itself over 27.5 years, equal to 3.64 percent of the cost of the unit per year. Be sure to take depreciation each tax year. If you sell the condo, the IRS puts depreciation back into the cost basis of the property whether you exercised this tax break or not.