South Lake Tahoe, CA is an area known for its stunning views and proximity to nature. The housing market in this region reflects its beauty with a median value of $657,600, which is almost double the US median house value of $338,100. While the US has seen a 1 year house appreciation of 8.27%, South Lake Tahoe has only seen 3.89%. Despite the lower appreciation rate, South Lake Tahoe remains a desirable location for many potential homeowners due to its natural beauty and recreational activities available in the area.
The median home cost in South Lake Tahoe is $657,600. Home appreciation the last 10 years has been 128.2%. Home Appreciation in South Lake Tahoe is up 8.6%.
Average Age of Homes
- The median age of South Lake Tahoe real estate is 47 years old
The Rental Market in South Lake Tahoe
- Renters make up 28.4% of the South Lake Tahoe population
- 2.9% of houses and apartments in South Lake Tahoe, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.