South Lake Tahoe, California Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the South Lake Tahoe, California rental market.
South Lake Tahoe, California
Average Apartment Rent
$1,951
Y-o-Y Change in Average
Apartment Rent
1.2%
As of November 2024
Compared to a year ago, South Lake Tahoe, California apartments have recorded a 1.2% rent increase.
South Lake Tahoe, California Average apartment rent trend
South Lake Tahoe, California Average Apartment Rent
South Lake Tahoe, California Apartment rent ranges
At 53.19%, apartments priced Over $2,000 represent the bulk of South Lake Tahoe, California rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 46.81%.
South Lake Tahoe, California Housing tenure**
Renters take up 56% of South Lake Tahoe, California real estate, occupying a total of 5,112 units, while homeowners live in 4,013 properties.
Median number of rooms of renter-occupied housing units**
4
Renter median household income**
$52,754
Average household size of renter-occupied housing units**
2.33
Rental vacancy rate**
7.6%
South Lake Tahoe, California Renter-occupied housing units by no. of bedrooms**
There are 2,032 rentals in South Lake Tahoe, California with 2 beds making up the highest share of the market, at 40%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 118 units. Overall, the median number of rooms in South Lake Tahoe, California homes for rent is 4.
South Lake Tahoe, California Renter-occupied units by age of householder**
Most condos for rent in South Lake Tahoe, California are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (23%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
South Lake Tahoe, California Renter-occupied housing units by family type**
South Lake Tahoe, California Renter-occupied housing units by the presence of own children**
A total of 2,402 apartments for rent in South Lake Tahoe, California, or 47% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 1,029 units. All in all, the median size of a renter-occupied household in South Lake Tahoe, California is 2.33.
South Lake Tahoe, California Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 21% of the rental market. In contrast, residents with less than a high school degree reside in 13% of the homes for rent in South Lake Tahoe, California.
South Lake Tahoe, California Renter-occupied units by year structure built**
The highest share of South Lake Tahoe, California apartment rentals, namely 25% or 1,299 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (24%, 1,243 units), and the ones Built 1950 - 1959 (16%, 840 units).
South Lake Tahoe, California Renter-occupied units by year householder moved in**
Median year renter moved into unit 2015
Most South Lake Tahoe, California renters (50%) moved in 2010 to 2017, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their South Lake Tahoe, California condos for rent is 2015.
South Lake Tahoe, California Renter-occupied housing units by vehicles available**
When it comes to transportation options, 36% of South Lake Tahoe, California renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 15% have 3 vehicles available.
South Lake Tahoe, California Means of transportation to work of householders living in renter-occupied housing units**
South Lake Tahoe, California Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all South Lake Tahoe, California apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
