Lakeview Terrace / Lakeview Tahoe median real estate price is $1,776,859, which is more expensive than 76.0% of the neighborhoods in California and 93.9% of the neighborhoods in the U.S.
The average rental price in Lakeview Terrace / Lakeview Tahoe is currently $1,564, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 96.0% of California neighborhoods.
Lakeview Terrace / Lakeview Tahoe is a rural neighborhood (based on population density) located in South Lake Tahoe, California.
Lakeview Terrace / Lakeview Tahoe real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is renter occupied. Many of the residences in the Lakeview Terrace / Lakeview Tahoe neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Lakeview Terrace / Lakeview Tahoe. The current real estate vacancy rate here is 47.5%. This is higher than the rate of vacancies in 98.5% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (43.5%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Lakeview Terrace / Lakeview Tahoe neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 99.9% of all American neighborhoods.
In the Lakeview Terrace / Lakeview Tahoe neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 27.7% of residents here. This is a higher proportion of walking commuters than we found in 99.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!
Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. NeighborhoodScout's analysis revealed that the Lakeview Terrace / Lakeview Tahoe neighborhood is a fantastic option for bicycle commuters, as 5.2% of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 98.3% of the neighborhoods in America.
Despite all of the residential real estate here in the Lakeview Terrace / Lakeview Tahoe neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 47.5%, which is higher than 98.5% of all U.S. neighborhoods.
Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. Residents of the Lakeview Terrace / Lakeview Tahoe neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 63.0% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 97.0% of U.S. neighborhoods. Less time commuting means more time for other things in life.
If you're nearing retirement age, or in retirement, the Lakeview Terrace / Lakeview Tahoe is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 5.9% of retiree-friendly neighborhoods in California, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in California.
Did you know that the Lakeview Terrace / Lakeview Tahoe neighborhood has more Brazilian and Romanian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 2.4% of this neighborhood's residents have Brazilian ancestry and 1.2% have Romanian ancestry.
Lakeview Terrace / Lakeview Tahoe is also pretty special linguistically. Significantly, 16.7% of its residents five years old and above primarily speak Tagalog, which is the first language of the Philippine region, at home. While this may seem like a small percentage, it is higher than 99.8% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 47.8% of the neighborhoods in America. With 35.4% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 86.0% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the Lakeview Terrace / Lakeview Tahoe neighborhood, 60.1% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 17.8% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.7%), and 10.4% in executive, management, and professional occupations.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Lakeview Terrace / Lakeview Tahoe neighborhood is English, spoken by 49.2% of households. Other important languages spoken here include Spanish, Tagalog (the first language of the Philippine region), Italian and Polish.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the Lakeview Terrace / Lakeview Tahoe neighborhood in South Lake Tahoe, CA, residents most commonly identify their ethnicity or ancestry as Mexican (27.4%). There are also a number of people of Asian ancestry (26.3%), and residents who report German roots (11.6%), and some of the residents are also of Italian ancestry (6.9%), along with some Russian ancestry residents (3.2%), among others. In addition, 37.0% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Lakeview Terrace / Lakeview Tahoe neighborhood spend under 15 minutes commuting one-way to work (63.0% of working residents), one of the shortest commutes across America.
Here most residents (46.8%) drive alone in a private automobile to get to work. In addition, quite a number also hop out the door and walk to work to get to work (27.7%) and 14.1% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.