About Truckee
Truckee is a genuine mountain town, not a resort village. Located just north of Lake Tahoe at the intersection of Interstate 80 and Highway 89, this historic community offers what few Tahoe-area towns can: a year-round population with real infrastructure, excellent schools, a regional hospital, and a vibrant downtown that traces its roots to the transcontinental railroad era.
The real estate market is among the most diverse in the Sierra Nevada, ranging from $400,000 condos in Tahoe Donner to $20 million estates in Martis Camp. This breadth makes Truckee accessible to first-time mountain buyers, growing families, remote workers, and ultra-luxury second-home buyers alike. The median home price is approximately $1.1 million, with homes averaging about 70 days on market.
Truckee's appeal is anchored by access to five or more ski resorts within 30 minutes (Northstar, Palisades Tahoe, Sugar Bowl, Boreal, Donner Ski Ranch), the Truckee-Tahoe Airport for private aviation, and a downtown that pulses with locally-owned restaurants, craft breweries, boutiques, and galleries. Kings Beach and the North Shore of Lake Tahoe are just 15 minutes south.
Current Market Snapshot (as of Early 2026)
- Median Home Price: ~$1,100,000
- Median Sale Price Per Sq Ft: $570
- Average Days on Market: 70+ days
- Inventory: Rising to more balanced levels after years of tight supply.
- Sales Volume: 1,000+ homes sold region-wide in 2025, healthy increases in both unit count and dollar volume.
Market data is sourced from our direct MLS integration and Nevada County/Town of Truckee transaction records. Prices vary significantly by neighborhood, from $400K in Glenshire to $20M+ in Martis Camp.
Tax Information
Truckee is in Nevada County, California. While California imposes state income tax, Truckee's property tax rates are competitive:
| Tax Type | Truckee (Nevada County, CA) |
|---|
| Property Tax Rate | ~1.1% of assessed value |
| Transient Occupancy Tax (TOT) | 10% + 2% TTBID = 12% total on STRs |
| State Income Tax | Up to 13.3% (California) |
| Mello-Roos / Special Assessments | Varies by subdivision (some newer communities have Mello-Roos) |
Short-Term Rental Regulations
The Town of Truckee has its own STR ordinance, separate from Placer County. The permit cap is 1,255 and is currently fully reached, meaning new permits are only available via a waitlist when someone relinquishes theirs. Properties with existing STR permits are significantly more valuable. Primary residence exemptions allow homeowners who live in their home 275+ days/year to rent without counting toward the cap. View our Truckee STR Investment Guide →
Explore Truckee Neighborhoods
Tahoe Donner
6,000-home community with ski area, golf, pools, beach. $400K–$2.5M
Martis Camp
Gated ultra-luxury community with golf, Family Barn, ski lift to Northstar. $3M–$20M+
Gray's Crossing
Golf community near Northstar with 377 home sites and modern design. $1.2M–$5M+
Old Greenwood
Jack Nicklaus golf course, Tahoe Mountain Club membership. $1M–$5M+
Glenshire & Prosser
Family-friendly, year-round living with pool, tennis, and reservoir access. $500K–$1.5M
STR Investment Guide
Town of Truckee 1,255-permit cap, waitlist process, and revenue analysis.
All Truckee Neighborhoods
Tahoe Donner — The largest amenity community in the Sierra
Tahoe Donner is a 6,000-lot master-planned community northwest of downtown Truckee. Amenities include a private downhill ski area, cross-country ski center, championship golf course, equestrian center, swimming pools, tennis courts, a private beach and boat facilities at Donner Lake, two restaurants, and a recreation center. Properties range from condos around $400,000 to custom homes over $2.5 million.
Martis Camp — Ultra-luxury gated community with private ski lift
Martis Camp is Truckee's most exclusive community, a gated luxury enclave off Highway 267 near the Truckee-Tahoe Airport. Amenities include a Tom Fazio championship golf course, the Family Barn (with movie nights, art classes, and concerts), swimming pools, spa, and a private ski lift providing direct access to Northstar. Homes range from $3 million to over $20 million.
Gray's Crossing — Modern golf community near Northstar
Gray's Crossing features a Peter Jacobsen/Jim Hardy 18-hole championship golf course with 377 home sites and 23 townhome residences. The community offers modern mountain architecture, a clubhouse with PJ's restaurant, a swimming pool, and close proximity to Northstar California Resort. Homes typically range from $1.2 million to $5 million.
Old Greenwood — Jack Nicklaus golf and Tahoe Mountain Club
Situated on 600 acres of towering pines, Old Greenwood features a Jack Nicklaus Signature golf course and membership in the Tahoe Mountain Club. The community includes 99 home sites, custom homes, 15 villas, and fractional ownership opportunities. Located near downtown Truckee and I-80, Old Greenwood offers convenient access to multiple ski resorts.
Lahontan — Private golf community with Tom Weiskopf course
Lahontan is a private residential community centered around a Tom Weiskopf-designed championship golf course. The 930-acre community features a lodge-style clubhouse, swimming pool, tennis courts, and cross-country ski trails. Located off Highway 89 between Truckee and Northstar, homes range from $1.5 million to over $8 million.
Glenshire & Devonshire — Family-friendly year-round community
Known locally as "The Shire," Glenshire is one of Truckee's most popular neighborhoods for families and year-round residents. Located six miles east of downtown, the HOA offers a pool, tennis courts, and clubhouse. Sub-neighborhoods include Cambridge Estates, The Meadows, Juniper Hills, Sierra Bluffs, and Elkhorn Ridge. Homes typically range from $500,000 to $1.5 million.
Prosser — Reservoir access and outdoor recreation
The Prosser area north of downtown provides easy access to Prosser Reservoir for fishing, camping, and kayaking, plus miles of equestrian and mountain biking trails. Sub-areas include Prosser Lakeview Estates, Prosser Lake Heights, and Prosser Woods. The area offers a more rural, spacious feel compared to Truckee's planned communities.
Historic Downtown — Railroad-era charm and walkability
Downtown Truckee along Donner Pass Road and Commercial Row is the cultural heart of the community. This historic district traces its roots to the transcontinental railroad and features locally-owned restaurants, craft breweries, art galleries, and boutiques. Residential options include condos, townhomes, and homes in the nearby West River, Hilltop, and Sierra Meadows neighborhoods.
Schaffer's Mill — Private lakefront community on Schaffer Lake
Schaffer's Mill is a private residential community built around a man-made lake, offering paddle boating, fishing, and a private beach. Located off Highway 267 near Northstar, the community includes a Johnny Miller-designed golf course, clubhouse, and Tahoe Mountain Club membership. Homes range from $1.5 million to $6 million.
