Luther Pass Rd / S Upper Truckee Rd median real estate price is $426,026, which is more expensive than 53.8% of the neighborhoods in California and 88.2% of the neighborhoods in the U.S.
The average rental price in Luther Pass Rd / S Upper Truckee Rd is currently $1,514, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 51.7% of California neighborhoods.
Luther Pass Rd / S Upper Truckee Rd is a rural neighborhood (based on population density) located in South Lake Tahoe, California.
Luther Pass Rd / S Upper Truckee Rd real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Luther Pass Rd / S Upper Truckee Rd neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Luther Pass Rd / S Upper Truckee Rd. The current real estate vacancy rate here is 59.0%. This is higher than the rate of vacancies in 99.3% of all U.S. neighborhoods. This can sometimes be the case in neighborhoods dominated by seasonal homes (such as vacation areas), and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.