The term MODERN HOME can be summarized by the crossword solution CONDO, which is a five-letter word. A condominium, or CONDO, is a type of housing that is owned individually but shares common areas with other units in the same building or complex. Condos are typically found in urban areas and are popular among young professionals and retirees. They offer the convenience of living close to amenities such as shopping, restaurants, and entertainment, while providing the privacy of an individual home.