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Real Estate South Lake Tahoe - Real Estate in South Lake Tahoe, California

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Located in El Dorado County within the state lines of California, the city of South Lake Tahoe provides residents with a beauty and serenity that is hard to find any place in the continental U.S. With an area of about 16.5 square miles, South Lake Tahoe hugs the California-Nevada border with Stateline, Nevada being the closest town. With a population density that is relatively low at 2,320 people per square mile, South Lake Tahoe and its approximate 23,000 residents provide prospective homeowners with amazing possibilities in purchasing real estate.

With 1,396 houses per square mile, the housing density suggests that expansion is possible for anyone with the means to move in to the area. Like many other cities around the United States, South Lake Tahoe has not been averse to the collapse of the U.S. housing market. Median prices for real estate have fallen from their once all-time high of $500,000 in 2006 to just over $300,000 in 2009. The median rent for the average apartment/condominium is approximately $850/month, which is relatively low compared to the housing prices.

Most South Lake Tahoe homes were built in the 1960s and 1970s, which was a time when the area was really expanding. The homes have a very modernized feel to them and remain, for the most part, in immaculate condition. The average South Lake Tahoe homeowner has three bedrooms with one-and-a-half bathrooms in their homes, while the average renter has either one or two bedrooms with one bathroom.

The large majority of home values within South Lake Tahoe fall in the range of $250,000 to $500,000, while the preponderance of people renting an apartment pay anywhere between $700 to $1,250 for their units. One final aspect that makes South Lake Tahoe, California very appealing to potential residents is that most of the jobs in this area are within a 5-20 minute drive from home to their place of business without the traffic conditions that California is so famous for.

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