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 3,156 people, 1,231 houses or apartments, and a median cost of homes of $1,113,553, real estate costs in Tahoe City 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 Tahoe City, accounting for 71.72% of the town's housing units. Other types of housing that are prevalent in Tahoe City include duplexes, homes converted to apartments or other small apartment buildings ( 18.49%), large apartment complexes or high rise apartments ( 8.19%), and a few row houses and other attached homes ( 1.31%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Tahoe City. Owner-occupied housing accounts for 71.30% of Tahoe City's homes, and 66.66% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Tahoe City 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 Tahoe City built between 1940-1969 ( 37.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.89%). There's also some housing in Tahoe City built before 1939 ( 2.16%).
A decent proportion of the Tahoe City housing stock is seasonally occupied. That is, homes and condos in Tahoe City 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 Tahoe City housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Tahoe City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.17%, which ranks in the top 50% nationwide. This equates to an annual average Tahoe City house appreciation rate of 6.64%.
Over the last year, Tahoe City appreciation rates have trailed the rest of the nation. In the last twelve months, Tahoe City's appreciation rate has been 5.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Tahoe City were at 0.13%, which equates to an annual appreciation rate of 0.52%.
Notably, Tahoe City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Tahoe City's latest annual appreciation rate is lower than 50% of the other cities and towns in California.
$1,113,553
$2,878 / per month