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Real Estate Glossary > S > Single Family Residence (SFR) Definition

Single Family Residence (SFR)

The most common type of home listed in the MLS. Also known as single family detached, this means the home is a stand alone structure with its own lot. Single family residences differ from condominiums, An apartment you own, as opposed to rent. Condo developments are managed by a homeowner's association that collects monthly dues, maintains operations and enforces policy. townhomes, A type of home that's usually constructed as a two or three-story unit with a common wall or walls bordering the adjacent unit. cooperatives, A type of residence where the buyer owns shares in the corporation that owns the building and has the right to live in a specific unit, but doesn't actually own the space. or multi-family homes, A type of home or building with multiple units owned by one or more parties. As duplex is a type of multi-family home where more than one party can own units. which are all attached residences.