What HUD offices serve South Lake Tahoe, California?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the California Public Housing and Low-Income Apartments Waiting Lists page for openings near South Lake Tahoe.
How many renters live in South Lake Tahoe, California?
The City of South Lake Tahoe has 21,346 people living in 9,125 households.
There are 11,930 renters living in 5,112 renter households in this City. Renters make up 55.89 percent of the population living in South Lake Tahoe.
What is the rental market like in South Lake Tahoe, California?
There are an estimated 16,275 housing units in the South Lake Tahoe area. Of these, 5,572 units are rental homes, making up 34 percent of the housing market. For every renter household in South Lake Tahoe, California, there are 1 rental units.
What is the vacancy rate for rentals in South Lake Tahoe?
The rental vacancy rate in South Lake Tahoe is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in South Lake Tahoe for each bedroom size?
Occupied Rental Units by Size in South Lake Tahoe
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 370 | 1,209 | 2,032 | 1,374 | 118 |
Occupied Rental Units by Size in South Lake Tahoe
A large number of apartments in South Lake Tahoe have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in South Lake Tahoe are overburdened by housing costs?
Among renter households in this market, 53 percent have housing cost burden. Further, 26 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in South Lake Tahoe
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,543 to $3,321. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,543 |
| One BR | $1,666 |
| Two BR | $2,072 |
| Three BR | $2,884 |
| Four BR | $3,321 |
2024 Fair Market Rents in South Lake Tahoe, California
How many units are rented at Fair Market Rent (FMR) in South Lake Tahoe?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 361 | 98 percent |
| One BR | 994 | 82 percent |
| Two BR | 1,178 | 58 percent |
Rental Units Below FMR in South Lake Tahoe, California
How many affordable rental units are in South Lake Tahoe?
There are a variety of federal affordable housing programs serving households in South Lake Tahoe, California including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 264 |
| Section 8 Project-Based Rental Assistance | 145 |
| Section 202 Supportive Housing for the Elderly | 44 |
Tracked Units by Federal Program in South Lake Tahoe, California
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in South Lake Tahoe, California
South Lake Tahoe features 228 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in South Lake Tahoe, California
There are 217 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in South Lake Tahoe.
Housing Choice Vouchers in South Lake Tahoe, California
On average, Section 8 Housing Choice vouchers pay South Lake Tahoe landlords $800 per month towards rent. The average voucher holder contributes $400 towards rent in South Lake Tahoe.
The maximum amount a voucher would pay on behalf of a low-income tenant in South Lake Tahoe, California for a two-bedroom apartment is between $1,865 and $2,279.
Sourced from federal housing data and AffordableHousingOnline.com research.
