The Mountain Housing Council has spent the past 11 months researching and gathering data on short term rentals in the North Tahoe/Truckee region as well as other areas throughout the nation. They released their findings this month in their Short Term Rental White Report.
Some stats I thought were interesting:
- approx 39,000 housing units (not including condos or hotel condos) in the North Tahoe/Truckee region (13,400 in Truckee, 25,600 in North Tahoe)
- 60% of these are 2nd homes, up from 52% in 2000
- 13% of the housing units are used as short term rentals at least a portion of the year
- in Truckee 28% of the housing units are occupied by full time homeowner residents, 20% occupied by long term renters, 52% are 2nd homes.
- 90% of short term rentals are registered
- 50% of short term rentals are not active for any given quarter
- 30,000 people -full time population for the North Tahoe/Truckee region
- revenues from short term rentals in Truckee have almost doubled the past 6 years, bringing in a total of $8M over that span. That money goes towards trail, sidewalk and road maintenance, affordable housing, snow removal, libraries, river revitalization, among other things.
- Short-term rental concentrations vary widely by neighborhood. In Truckee, Glenshire accounts for 3 percent of the town’s short-term rentals, while Tahoe Donner accounts for 52 percent. Northstar comprises 19% of Eastern Placer County’s short term rentals 72% of which are condos.
The Mountain Housing Council acknowledges that short term rentals have always been a facet of our community, and that there are significant economic benefits. However with the rise and ease of of short term renting through internet based platforms (VRBO, AirBnB, Vacasa, etc) more people are doing it and certain rules may be necessary to minimize nuisance issues such as increased noise, parking violations, overcrowding, and garbage issues are critical.
Access the full report here: Short Term Rental White Paper