Buying a condo in 2026 might seem like a smart move, whether you’re looking for a starter home, a vacation property or a rental investment. But experts warn that some markets are facing major challenges, from skyrocketing insurance costs to new reserve fund requirements and falling property values. Choosing the wrong location could turn your dream purchase into a financial headache.
To help you avoid costly mistakes, GOBankingRates spoke with Ryann Brier, a Michigan real estate agent at City Lights Home Buyers, who shared seven U.S. cities where buying a condo in 2026 could be a risky bet. Here are the areas she wouldn’t recommend buying a condominium right now.
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1. Cape Coral, Florida
Cape Coral just got hit with a massive special assessment risk and insurance wave, which is going to put condo prices out of reach for anyone upper- to lower-middle class…