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 $1,377,492, Tahoe City house prices are not only among the most expensive in California, Tahoe City real estate also is some of the most expensive in all of America.
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.
In the last 10 years, Tahoe City has experienced some of the highest home appreciation rates of any community in the nation. Tahoe City real estate appreciated 141.82% over the last ten years, which is an average annual home appreciation rate of 9.23%, putting Tahoe City in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tahoe City 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 Tahoe City that despite a nationwide downturn in the housing market, Tahoe City real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Tahoe City appreciation rates continue to be some of the highest in America, at 32.39%, which is higher than appreciation rates in 99.46% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Tahoe City. Tahoe City appreciation rates in the latest quarter were at 24.83%, which equates to an annual appreciation rate of 142.79%.
Importantly, this makes Tahoe City one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to California, our data show that Tahoe City's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$1,377,492
$2,835 / per month