Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 21,706 people, 8,452 houses or apartments, and a median cost of homes of $426,506, real estate costs in South Lake Tahoe are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in South Lake Tahoe, accounting for 59.05% of the city's housing units. Other types of housing that are prevalent in South Lake Tahoe include duplexes, homes converted to apartments or other small apartment buildings ( 19.05%), large apartment complexes or high rise apartments ( 15.94%), and a few mobile homes or trailers ( 4.52%).
People in South Lake Tahoe primarily live in small (one, two or no bedroom) single-family detached homes. South Lake Tahoe has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in South Lake Tahoe built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in South Lake Tahoe built between 1940-1969 ( 44.68%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.41%). There's also some housing in South Lake Tahoe built before 1939 ( 2.46%).
A decent proportion of the South Lake Tahoe housing stock is seasonally occupied. That is, homes and condos in South Lake Tahoe are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the South Lake Tahoe housing market speaks to its popularity as a vacation location of choice.
South Lake Tahoe's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in South Lake Tahoe during the period has been just -1.07%, which is lower than 70% of US communities.
Appreciation rates are so strong in South Lake Tahoe that despite a nationwide downturn in the housing market, South Lake Tahoe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, South Lake Tahoe appreciation rates continue to be some of the highest in America, at 9.36%, which is higher than appreciation rates in 91.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in South Lake Tahoe. South Lake Tahoe appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.
Importantly, this makes South Lake Tahoe one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to California, our data show that South Lake Tahoe's latest annual appreciation rate is higher than 70% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within South Lake Tahoe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in South Lake Tahoe - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best South Lake Tahoe real estate investment or home purchase decisions.
|$996,001 - $1,327,000||4.7|
|$664,001 - $996,000||9.6|
|$531,001 - $664,000||16.8|
|$399,001 - $531,000||26.8|
|$265,001 - $399,000||22.0|
|$133,001 - $265,000||11.9|
|$66,001 - $133,000||0.6|
|$0 - $66,000||5.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF South Lake Tahoe HOMES|
|2000 or Newer||6.4|
|1970 - 1999||46.4|
|1940 - 1969||44.7|
|1939 or Older||2.5|
|TYPE OF South Lake Tahoe HOMES|
|Small Apt. Buildings||19.0|
|SIZE OF South Lake Tahoe HOMES|
|5 or more bedrooms||1.73|