The median price of a single family home in Incline Village is $1.9 million. “STRs represent approximately 12.5% of housing stock in Incline Village/Crystal Bay,” the county said in a presentation.

In 2020, Washoe County estimated 90% of vacation rentals in the unincorporated county were in Incline Village/Crystal Bay. Some residents of Nevada’s Incline Village fear more stringent regulations in neighboring areas will drive more demand for STRs their way. “We need a time out to study this and really understand what is going on to improve our short-term rental ordinance.” “The housing issues in our community have dramatically escalated, and investments in homes for use as short-term rentals have contributed to inflating property values beyond the reach of local workers to afford,” said District 5 Supervisor Cindy Gustafson in a release. Vacation rentals account for “about 15% of the total 15,747 housing units” in the eastern part of the county, ”where the median price of a home more than doubled from $660,000 in April 2020 to $1,342,000 in April 2021,” according to the county’s website.

Short-term rentals in nearby Douglas County are capped at 600, except for those also occupied by the owner.Īnd in Placer County on the California side of the lake, a 45-day moratorium imposed in July on new STRs to “address an unprecedented and growing housing crisis in the region” has been extended to March 2022, citing a “current and immediate threat to the public health, safety, and welfare associated with proliferation of STRs.”īy late July, Placer County had approved 2,383 STR units for the year. The California city allows short-term rentals (STRs) only in designated tourist areas. You can’t rent a vacation home in residential areas of South Lake Tahoe.

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