Lake Valley / Tallac Village median real estate price is $553,934, which is more expensive than 60.9% of the neighborhoods in California and 91.1% of the neighborhoods in the U.S.
The average rental price in Lake Valley / Tallac Village is currently $1,641, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.6% of California neighborhoods.
Lake Valley / Tallac Village is a suburban neighborhood (based on population density) located in South Lake Tahoe, California.
Lake Valley / Tallac Village real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lake Valley / Tallac Village 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 Lake Valley / Tallac Village. The current real estate vacancy rate here is 50.6%. This is higher than the rate of vacancies in 98.6% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (43.7%). This can occur in 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. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.