Residential real estate is property (both land and buildings) used for housing. This is in contrast to commercial or industrial real estate, where the land and buildings are zoned for operating a business, such as a store, an office or a factory.

Residential property is property zoned specifically for living or dwelling for individuals or households; it may include standalone single-family dwellings to large, multi-unit apartment buildings.

Residential real estate is broadly defined as real property (land and any buildings on it) used for residential purposes—the most common example being single-family homes. Commercial real estate, by contrast, includes land and buildings specifically zoned for business purposes only (apartment buildings, office buildings, hotels, etc.).

Generally, residential property is defined as property that is either of the following: a detached house or similar building that contains not more than three dwelling units, along with any appurtenances and the related land