South Lake Tahoe, California Real Estate & Housing Market

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South Lake Tahoe Housing Information

Index	South Lake Tahoe	California	National
Median home price	$343,900	$409,300	$184,700
Median rent asked	$892	$1,297	$949
Avg. people per household	2.5	3.0	2.6
Owner occupied households	44.3%	54.1%	63.6%
Renter occupied households	55.7%	45.9%	36.4%

The above shows an overview of the real estate market in South Lake Tahoe, CA. Note how the median home price for South Lake Tahoe, CA runs $343,900, which is 16% lower than the average property price for California. So you’re going to get real estate in South Lake Tahoe, CA that is on-average more affordable than what you’ll find in the rest of California. As for rent, the median for South Lake Tahoe, CA runs $892, which is comparatively 31% lower than the average rent for California. For South Lake Tahoe, CA, about 44.3% of the population consist of home owners with about 2.5 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, South Lake Tahoe, CA offers a wide variety of real estate. To find your perfect home in South Lake Tahoe, CA, filter your choice by price, location, and number of beds and baths using the search area above.

South Lake Tahoe Home Affordability

When deciding where to purchase South Lake Tahoe, CA real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In South Lake Tahoe, CA the median home price is $343,900 and $42,401 is the median household income. As a result, the home price to income ratio in South Lake Tahoe, CA is 8.1x, which is 26% higher than the California average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in South Lake Tahoe, CA the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in South Lake Tahoe, CA.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Logan Creek, NV	42	$0	100%
Stateline, NV	1,083	$187,500	2%
Carson City, NV	54,412	$199,500	8%
Indian Hills, NV	6,328	$218,800	18%
Gardnerville, NV	5,555	$222,800	21%
South Lake Tahoe, CA	21,506	$343,900	86%

Cities with similar population

City, State	Population	Home Price	National Avg.
Roselle, NJ	21,507	$204,800	11%
Allison Park, PA	21,515	$214,200	16%
Darien, CT	21,519	$1,248,200	576%
Lakeside, CA	21,488	$350,000	89%
Midlothian, TX	21,530	$162,900	12%
South Lake Tahoe, CA	21,506	$343,900	86%

Source: The South Lake Tahoe, CA housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).