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Real Estate Prices & Overview

Lakeview Terrace / Lakeview Tahoe median real estate price is $1,736,109, which is more expensive than 82.9% of the neighborhoods in California and 96.2% of the neighborhoods in the U.S.

The average rental price in Lakeview Terrace / Lakeview Tahoe is currently $2,468, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.7% of California neighborhoods.

Lakeview Terrace / Lakeview Tahoe is a rural neighborhood (based on population density) located in South Lake Tahoe, California.

Lakeview Terrace / Lakeview Tahoe real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Lakeview Terrace / Lakeview Tahoe neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in Lakeview Terrace / Lakeview Tahoe. The current real estate vacancy rate here is 46.4%. This is higher than the rate of vacancies in 98.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (41.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Occupations

There are more people living in the Lakeview Terrace / Lakeview Tahoe neighborhood employed as sales and service workers (48.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Real Estate

Despite all of the residential real estate here in the Lakeview Terrace / Lakeview Tahoe neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 46.4%, which is higher than 98.5% of all U.S. neighborhoods.

Modes of Transportation

More people in Lakeview Terrace / Lakeview Tahoe choose to walk to work each day (21.3%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Lakeview Terrace / Lakeview Tahoe neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Lakeview Terrace / Lakeview Tahoe neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 68.3% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.3% of U.S. neighborhoods. Less time commuting means more time for other things in life.

Car Ownership

We Americans love our cars. Not only are they a necessity for most Americans due to the shape of our neighborhoods and the distances between where we live, work, shop, and go to school, but we also fancy them. As a result, most households in America have one, two, or three cars. But NeighborhoodScout's exclusive analysis shows that the Lakeview Terrace / Lakeview Tahoe neighborhood has a highly unusual pattern of car ownership. 19.4% of the households in this neighborhood don't own a car at all. This is more carless households than NeighborhoodScout found in 95.0% of U.S. neighborhoods.

People

If you're nearing retirement age, or in retirement, the Lakeview Terrace / Lakeview Tahoe is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 7.9% of retiree-friendly neighborhoods in California, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in California.

Diversity

Did you know that the Lakeview Terrace / Lakeview Tahoe neighborhood has more Romanian and Brazilian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.2% of this neighborhood's residents have Romanian ancestry and 2.8% have Brazilian ancestry.

Lakeview Terrace / Lakeview Tahoe is also pretty special linguistically. Significantly, 7.7% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 72.0% of the neighborhoods in America. In addition, 5.9% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 60.9% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Lakeview Terrace / Lakeview Tahoe neighborhood, 51.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 21.5% of the residents employed. Other residents here are employed in executive, management, and professional occupations (18.5%), and 8.8% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lakeview Terrace / Lakeview Tahoe neighborhood is English, spoken by 51.0% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region), Italian and Polish.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe, CA, residents most commonly identify their ethnicity or ancestry as Mexican (24.0%). There are also a number of people of German ancestry (18.1%), and residents who report Asian roots (17.8%), and some of the residents are also of Italian ancestry (7.7%), along with some Irish ancestry residents (6.3%), among others. In addition, 36.7% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Lakeview Terrace / Lakeview Tahoe neighborhood spend under 15 minutes commuting one-way to work (68.3% of working residents), one of the shortest commutes across America.

Here most residents (44.9%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (21.3%) and 21.0% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Crime includes:
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Schools include:
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