South Lake Tahoe, CA—96150
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — South Lake Tahoe, CA
As of Oct '25, the median home price in South Lake Tahoe, CA is $654,000, with a year-over-year change of -1.7%. This indicates that home prices in South Lake Tahoe, CA are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $654,000 | -1.7% |
| Single Family | $657,000 | -1.5% |
| Condos | $485,000 | -3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $398,000 | -2.2% |
2 Bed | $474,000 | -1.9% |
3 Bed | $653,000 | -1.7% |
4 Bed | $911,000 | -0.7% |
| 5 Bed | $1,346,000 | -0.1% |
% of Housing Stock
Rental Trends — South Lake Tahoe, CA
As of July '25, Rentcast reports the average rent in South Lake Tahoe, CA is $2,590, with a year-over-year rent change of -3.4%. Per bedroom, the median rent as of July '25 in South Lake Tahoe, CA is studios: $1,270, 1-bedrooms: $1,680, 2-bedrooms: $2,200, 3-bedrooms: $3,180, 4-bedrooms: $4,040. The most common rental property sizes in South Lake Tahoe, CA are 2-bedroom and 3-bedroom, accounting for 36.8% and 26.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,450 | $2,590 |
| Studio Rent | $1,250 | $1,270 |
| 1 Bed Rent | $1,650 | $1,680 |
| 2 Bed Rent | $2,100 | $2,200 |
| 3 Bed Rent | $3,000 | $3,180 |
| 4 Bed Rent | $3,700 | $4,040 |
% of Rental Stock
Property Listings — South Lake Tahoe, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in South Lake Tahoe, CA is 100. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $736,000 | 4.0% |
Listing Count | 262 | -9.0% |
| Listings as % of Homes | 0.4% | -9.0% |
Days on Market | 100 | 12.0% |
Demographics — South Lake Tahoe, CA
As of the latest ACS Survey released in 2023, South Lake Tahoe, CA has a population of 29,500, which has remained stable by 0.6% over the past 5 years. South Lake Tahoe, CA is a moderately popular place for families, as children make up 17.2% of the population. The area has a moderately educated workforce, with 39.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,500 | 0.6% |
% Under 18 | 17.2% | -0.6% |
% Seniors | 18.1% | 14.6% |
% WFH | 16.4% | 86.4% |
% w/ College Degree | 39.2% | 30.7% |
As of the latest ACS Survey released in 2023, South Lake Tahoe, CA is a predominantly white area, with 63.9% of the population identifying as white. The white population has shrunk by 7.1% in the last 5 years. The second most common race or ethnicity in South Lake Tahoe, CA is hispanic, making up 23.8% of the population. Foreign-born residents account for 17.0% of the population in South Lake Tahoe, CA, and this percentage has increased by 11.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 63.9% | -7.1% |
% Black | 0.5% | -54.5% |
% Hispanic | 23.8% | 3.5% |
% Asian | 5.6% | 21.7% |
% Foreign Born | 17.0% | 11.8% |
Mortgage and Risk — South Lake Tahoe, CA
According to HUD data as of 2023, there were 493 mortgage originations in South Lake Tahoe, CA, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in South Lake Tahoe, CA. Investor activity is low, as 5.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 493 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 22.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — South Lake Tahoe, CA
As of 2024, the percent of homes in South Lake Tahoe, CA under the Section 8 program is 4.4%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In South Lake Tahoe, CA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 299 |
Total Units Section 8 | 238 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 82.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$160 | $1,650 | $1,490 |
| 2 Bedroom | -$250 | $2,100 | $1,850 |
| 3 Bedroom | -$490 | $3,000 | $2,510 |
| 4 Bedroom | -$800 | $3,700 | $2,900 |
Affordability — South Lake Tahoe, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.9 |
| Median Home Price | $654,000 |
| Median Household Income | $83,700 |