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These days, finding an affordable place to live in the South Lake Tahoe area can be challenging. Home prices in South Lake Tahoe are now at a median cost of $795,247, lower than the California average of $812,006.
The average cost of rent is $1,905/mo in South Lake Tahoe, primarily driven by the current value of real estate in the South Lake Tahoe area. In South Lake Tahoe, 39.04% of households rent, and 37.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Lake Tahoe is $8,680 per month. Households that rent pay about 21.94% of their income on rent here. South Lake Tahoe’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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