Median price for residential apartments in South Lake Tahoe, CA as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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143 South Lake Tahoe, CA 96150, USA apartments for sale
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South Lake Tahoe
According to statistics, the population in South Lake Tahoe, CA amounts to 21,680, which shows decline 1% compared to the previous year. The median age of the city’s residents is 38. The average household income is $45,223, shifting growth 7% from the past year, and the average property value in South Lake Tahoe, CA growth 9% to $374,600 throughout the year.
| Population | 21,680 |
| Median Age | 38 |
| Poverty Rate | 16% |
| Household Income | $45,223 |
| Number Of Employees | 10,863 |
| Median Property Value | $374,600 |
Household Income
The average household income in South Lake Tahoe, CA grew from $42,401 to $45,223 in the past year. This data is an estimate based upon 8,882 households in South Lake Tahoe, CA . The chart below presents how household income is distributed in South Lake Tahoe, CA in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in South Lake Tahoe, CA shifted from $343,900 to $374,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in South Lake Tahoe, CA in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of South Lake Tahoe, CA properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in South Lake Tahoe, CA compared to median property taxes around the country. The prevalent amount of property taxes in South Lake Tahoe, CA equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in South Lake Tahoe, CA 96150, USA
Average apartment sale in South Lake Tahoe: $939,266 (+10.3%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $860,649 | +38.1% |
| 1-bed apartments | $537,000 | +12% |
| 2-bed apartments | $515,324 | +3.1% |
| 3-bed apartments | $1,063,623 | -7.8% |
| 4+ bed apartments | $1,686,881 | +14.6% |
During Jan 2023, the average price for an apartment in/near South Lake Tahoe, CA increased by 10.3% to $939,266.
Knowing the current property prices is key if you plan to buy a studio in South Lake Tahoe, CA. The average price for a studio has increased since the last month, currently being $860,649. After collecting all data points, we now see that the average price for 1-bed apartment increased by 12% to $537,000. Asking price for 2-bed apartment also increased by 3.1% and a place of this size will now cost you $515,324. A 3-bed apartment goes for $1,063,623, it decreased by 7.8% lately. We discerned the rise of 4- and more bed apartment price. It increased by 14.6% and made it up to $1,686,881.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Lofts for sale | $1,072,375 | +0% |
| Land for sale | $781,282 | +392.8% |
| Houses for sale | $942,051 | +9.6% |
| Condos for sale | $628,500 | -5.7% |
| Apartments for sale | $999,875 | -1.6% |
| Duplexes for sale | $749,000 | +0% |
The average cost of an apartment in South Lake Tahoe, CA decreased by 1.6% to $999,875. Price reports demonstrate that house price increased by 9.6% this month making it up to $942,051. Condos faced an upward trend these days. The median price for a condo decreased by 5.7%, it’s now available for $628,500. An average value of duplex is $749,000, thus a median price for a duplex remains the same this month. The price statistics of lofts have not significantly changed, it now still goes for $1,072,375. The average price of the land for sale in South Lake Tahoe, CA has increased by 392.8%, and now equals $781,282.
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