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 about Scout's Real Estate Data
With 21,175 people, 9,125 houses or apartments, and a median cost of homes of $953,714, 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 62.84% of the city's housing units. Other types of housing that are prevalent in South Lake Tahoe include large apartment complexes or high rise apartments ( 18.12%), duplexes, homes converted to apartments or other small apartment buildings ( 12.03%), and a few mobile homes or trailers ( 3.42%).
The most prevalent building size and type in South Lake Tahoe are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 43.37% owning and 56.63% renting.
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 ( 42.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.53%). There's also some housing in South Lake Tahoe built before 1939 ( 2.16%).
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.
In the last 10 years, South Lake Tahoe has experienced some of the highest home appreciation rates of any community in the nation. South Lake Tahoe real estate appreciated 170.57% over the last ten years, which is an average annual home appreciation rate of 10.47%, putting South Lake Tahoe in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, South Lake Tahoe definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
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 30.62%, which is higher than appreciation rates in 99.22% 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 27.16%, which equates to an annual appreciation rate of 161.48%.
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 90% 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.
$953,714
for California
for nation
9,125
$1,939 / per month