Rent to own Homes in South Lake Tahoe, CA
South Lake Tahoe is a gorgeous resort town that many have come to call home. While it's a popular vacation spot, residents enjoy the area all year round. South Lake Tahoe's eclectic community and lower home prices have made it a premier choice for those looking to live on the lake. A number of diverse neighborhoods mean there are plenty of potential properties for buyers to choose from. Whether it's water views, a mountain hideaway or something in the middle of everything, it offers much for homeowners.
South Lake Tahoe, CA is a great place for affordable rent-to-own homes! With a median household income of over $52,871 and a median rent of $1,092, the South Lake Tahoe, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in South Lake Tahoe, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More South Lake Tahoe, CA Property Resources
Rent to own Homes in Cities Near South Lake Tahoe, CA
- Alpine Village
- Carnelian Bay
- Carson City
- Carter Springs
- Cedar Flat
- Crystal Bay
- Dollar Point
- Double Spring
- East Valley
- Fish Springs
- Gardnerville
- Gardnerville Ranchos
- Genoa
- Glenbrook
- Incline Village
- Indian Hills
- Johnson Lane
- Kings Beach
- Kingsbury
- Kirkwood
- Kyburz
- Lakeridge
- Logan Creek
- Markleeville
- Mesa Vista
- Meyers
- Minden
- Olympic Valley
- Pinecrest
- Round Hill Village
- Ruhenstroth
- Skyland
- South Lake Tahoe
- Stateline
- Sunnyside-Tahoe City
- Tahoe Vista
- Tahoma
- Twin Bridges
- Zephyr Cove
Neighborhoods in South Lake Tahoe, CA
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No zip codes foundBuying a Home in South Lake Tahoe, CA
South Lake Tahoe, CA is seeing rapid growth and South Lake Tahoe, CA's' housing market remains not optimal with an average home price that is 96% above the 2024 national average. South Lake Tahoe, CA is part of El Dorado county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county El Dorado is 0.62% which is below the national average, which is 0.99%.
Median Home Price in South Lake Tahoe, CA
Median Rent in South Lake Tahoe, CA
Top 4 Reasons to Live in South Lake Tahoe, CA
America's all year playground! With so many things to do all year round, it's no wonder the city has earned this name. Residents will find a wealth of activities to keep them busy. Spring's mild weather is the time to enjoy the views from the Tahoe Rim and Cascade Falls hiking trails. As summer comes, water sports like wakeboarding, boating, paddle boarding and more abound on the lake. When seasons change, fall brings beautiful colors and sights in Hope Valley and Markleeville. As the weather turns cold, winter snowstorms bring a whole new world of fun. From skiing and snowboarding to sledding and ice skating, it is a winter wonderland.
Culture and arts! South Lake Tahoe is home to a number of local artists and has a strong history and residents love the spirit of the area. The nearly two month long Valhalla Art, Music and Theatre Festival brings numerous concerts, plays and events to the area. During the rest of the year, places like the Sun Art Gallery and Tahoe Art League display local art, while historical site like Vikingsholm Castle and The Tallac Resort tell the story of the area.
It's a buyer's market! Those looking to reside in South Lake Tahoe should not wait any longer. House prices went down a few years ago but have started to rise and are expected to go up another 4.8 percent in the next year. This means buyers are coming in at a prime time to save money on highly desired neighborhoods like Bijou, Round Hill and Montgomery Estates.
Mountain living for less! The average home value in South Lake Tahoe is $320,000, significantly less than surrounding cities like Glenbrook, Homewood and Tahoe City, where the median price ranges from $600,000 to $1.2 million. With the average price to rent at $1,480, buyers will find that rent to own homes are an especially good buy.