Real Estate Prices and Overview
Luther Pass Rd / S Upper Truckee Rd median real estate prices are $408,461, which is more expensive than 54.1% of the neighborhoods
in California and 87.9% of the
neighborhoods in the U.S.
Average rental prices in Luther Pass Rd / S Upper Truckee Rd are currently
$1,478, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price then 45.8% 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.
Notable & Unique Neighborhood Characteristics
The way a neighborhood looks and feels when you walk or drive around it, from
its setting, its buildings, and its flavor, can make all the difference. This
neighborhood has some really cool things about the way it looks and feels as
revealed by NeighborhoodScout's exclusive research. This might include anything
from the housing stock to the types of households living here to how people
Notable & Unique: Modes of Transportation
If your dream is to be able to ride your bike to work each day, look no
further than this unique neighborhood. With 12.8% of residents in
the Luther Pass Rd / S Upper Truckee Rd neighborhood commuting on a bicycle to and
from work daily, this neighborhood has more bicycle commuters than
99.7% of all neighborhoods in the U.S., according to
NeighborhoodScout's exclusive analysis.
Notable & Unique: Diversity
Did you know that the Luther Pass Rd / S Upper Truckee Rd neighborhood has more
Finnish and Portuguese ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 3.3% of
this neighborhood's residents have Finnish ancestry and 3.5% have Portuguese ancestry.
Luther Pass Rd / S Upper Truckee Rd is also pretty special linguistically. Significantly, 1.3% of its residents five years old and above primarily
speak Polish at home. While this may seem like a small percentage, it is higher
than 96.7% of the neighborhoods in America.
Notable & Unique: Occupations
From major sales accounts to fast-food workers, sales and service employees
are often the backbone of the local economy. In the Luther Pass Rd / S Upper Truckee Rd
neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis
identifies this neighborhood as having a higher percentage of sales and
service workers than 95.9% of all American neighborhoods.
Notable & Unique: Real Estate
In addition, vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 59.0% of the residential real estate vacant, the Luther Pass Rd / S Upper Truckee Rd neighborhood claims the distinction of having a higher vacancy rate than 99.3% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.
The Neighbors: Income
How wealthy a neighborhood is, from very wealthy, to middle income, to low
income is very formative with regard to the personality and character of a
neighborhood. Equally important is the rate of people, particularly children,
who live below the federal poverty line. In some wealthy gated communities,
the areas immediately surrounding can have high rates of childhood poverty,
which indicates other social issues. NeighborhoodScout's analysis reveals
both aspects of income and poverty for this neighborhood.
The neighbors in the Luther Pass Rd / S Upper Truckee Rd neighborhood in South Lake Tahoe are upper-middle income, making it an above average income neighborhood.
NeighborhoodScout's exclusive analysis reveals that this neighborhood has
a higher income than 78.0% of the neighborhoods in America.
With 25.9% of the children here below the federal poverty
line, this neighborhood has a higher rate of childhood poverty than 68.0%
of U.S. neighborhoods.
The Neighbors: Occupations
A neighborhood is far different if it is dominated by enlisted military personnel
rather than people who earn their living by farming. It is also different if
most of the neighbors are clerical support or managers. What is wonderful is
the shear diversity of neighborhoods, allowing you to find the type that fits
your lifestyle and aspirations.
In the Luther Pass Rd / S Upper Truckee Rd neighborhood, 43.0%
of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is
executive, management, and professional occupations, with 31.2% of the residents employed.
Other residents here are employed in clerical, assistant, and tech support occupations
(16.1%), and 8.9% in manufacturing and laborer occupations.
The Neighbors: Ethnicity / Ancestry
Culture is shared learned behavior. We learn it from our parents, their parents,
our houses of worship, and much of our culture – our learned behavior - comes
from our ancestors. That is why ancestry and ethnicity can be so interesting
and important to understand: places with concentrations of people of one or
more ancestries often express those shared learned behaviors and this gives
each neighborhood its own culture. Even different neighborhoods in the same
city can have drastically different cultures.
In the Luther Pass Rd / S Upper Truckee Rd neighborhood in South Lake Tahoe, CA, residents
most commonly identify their ethnicity or ancestry as German
(12.8%). There are also a number of people of Italian ancestry (10.4%) , and residents who report Irish roots (8.8%) , and some of the residents are also of Mexican ancestry (4.3%) , along with some English ancestry residents (3.8%), among others.
The Neighbors: Languages
The most common language spoken in the Luther Pass Rd / S Upper Truckee Rd
neighborhood is English, spoken by 92.0% of households. Some people also speak Spanish (6.5%).
Getting to Work
How you get to work – car, bus, train or other means – and how much of your
day it takes to do so is a large quality of life and financial issue. Especially
with gasoline prices rising and expected to continue doing so, the length and
means of one's commute can be a financial burden. Some neighborhoods are physically
located so that many residents have to drive in their own car, others are set
up so many walk to work, or can take a train, bus, or bike.
The greatest number of commuters in Luther Pass Rd / S Upper Truckee Rd neighborhood spend
between 15 and 30 minutes commuting one-way to work (52.4% of working
residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (76.7%) drive alone in a private automobile to get to work.
In addition, quite a number also bicycle to get to work (12.8%) and 5.5% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning
a car useful for getting to work.