Is it important to you, if your child grows up in an apartment or house?

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I'm currently in the process of looking to buy my first home with my husband, but the insane market prices here have me thinking it may be best to wait and just continue to save and hope prices go back down. 
Someone asked me if I would consider having kids where I live now - a townhouse style apartment (we have 2 floors), but I'm not quite sure. I always envisioned my children growing up with a big backyard, like I did. I'm not against it though, just something to think about. 
What are your thoughts on this?

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