Which property type is least likely to require the income approach for appraising?

The income approach is primarily used for valuing income-producing properties, such as commercial real estate or multi-family residences, where cash flow is a key factor in determining value. This approach calculates the present value of future income generated by a property, making it particularly useful for properties like office buildings, retail complexes, and apartment buildings, which are directly tied to rental income.

In contrast, a single-family home typically does not generate income in the same way that commercial or multi-family properties do. Homeowners usually do not intend to rent out their primary residences as a primary means of generating income. Therefore, the market value of single-family homes is often assessed using the sales comparison approach, which evaluates the property's value based on the sale prices of similar homes in the area. This method is more relevant for properties that are primarily bought for personal use rather than investment purposes.

Given this context, a single-family home is least likely to require the income approach for appraising, as it is not inherently designed to produce income like the other property types listed.