How Tahoe Measures Housing
A lack of affordable housing limits the ability of people to live close to work and can reduce the availability of qualified workers for local businesses. In response to high housing prices, local workers may be forced to choose between living outside the region and facing long commutes or paying more for housing than they can for housing. Commuting to and from the Lake Tahoe Region also increases greenhouse gas emissions and impacts quality of life.
This indicator measures the percentage of housing units in the Lake Tahoe Region that are in seasonal, recreational or occupational use, as opposed to in permanent occupancy by owners or renters. The US Census Bureau defines these units as vacant units used or intended for use only in certain seasons or for weekends or other occasional use throughout the year. Seasonal units include those used for summer or winter sports or recreation, such as beach cottages and hunting cabins. Interval ownership units, sometimes called shared-ownership or time-sharing condominiums, also are included.
Median House Prices
Median house prices provide an idea of the price of real estate in a certain area, and how prices have changed over time. Median house prices are used by real estate agents, buyers and sellers to inform home pricing and buying decisions, including potential buyers weighing the trade-offs of living outside of and commuting to jobs in the Lake Tahoe Region.
What is Tahoe Doing to Improve Housing
The Sustainable Communities Program is not currently reporting any action or leading indicators to improve housing.
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