Sparta Township, NJ—07871
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparta Township, NJ
As of Oct '25, the median home price in Sparta Township, NJ is $600,000, with a year-over-year change of 3.2%. This indicates that home prices in Sparta Township, NJ are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $600,000 | 3.2% |
| Single Family | $608,000 | 3.4% |
| Condos | $437,000 | 3.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $416,000 | 3.2% |
3 Bed | $532,000 | 3.9% |
4 Bed | $753,000 | 4.1% |
| 5 Bed | $992,000 | 5.5% |
% of Housing Stock
Rental Trends — Sparta Township, NJ
As of July '25, Rentcast reports the average rent in Sparta Township, NJ is $2,750, with a year-over-year rent change of -12.1%. Per bedroom, the median rent as of July '25 in Sparta Township, NJ is 1-bedrooms: $1,940, 2-bedrooms: $2,510, 3-bedrooms: $3,560, 4-bedrooms: $4,200. The most common rental property sizes in Sparta Township, NJ are 2-bedroom and 1-bedroom, accounting for 38.4% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,940 |
| 2 Bed Rent | $2,600 | $2,510 |
| 3 Bed Rent | $3,500 | $3,560 |
| 4 Bed Rent | $4,200 | $4,200 |
% of Rental Stock
Property Listings — Sparta Township, NJ
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparta Township, NJ is 44. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $526,000 | -17.0% |
Listing Count | 104 | 16.0% |
| Listings as % of Homes | 0.9% | 16.0% |
Days on Market | 44 | -8.0% |
Demographics — Sparta Township, NJ
As of the latest ACS Survey released in 2023, Sparta Township, NJ has a population of 21,200, which has increased by 4.5% over the past 5 years. Sparta Township, NJ is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 62.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,200 | 4.5% |
% Under 18 | 24.5% | -2.0% |
% Seniors | 14.0% | 1.4% |
% WFH | 19.7% | 111.8% |
% w/ College Degree | 62.4% | 13.5% |
As of the latest ACS Survey released in 2023, Sparta Township, NJ is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Sparta Township, NJ is hispanic, making up 8.6% of the population. Foreign-born residents account for 9.4% of the population in Sparta Township, NJ, and this percentage has increased by 11.9% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 82.7% | -3.7% |
% Black | 0.8% | -68.0% |
% Hispanic | 8.6% | 19.4% |
% Asian | 3.7% | 5.7% |
% Foreign Born | 9.4% | 11.9% |
Mortgage and Risk — Sparta Township, NJ
According to HUD data as of 2023, there were 499 mortgage originations in Sparta Township, NJ, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Sparta Township, NJ. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 499 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sparta Township, NJ
As of 2024, the percent of homes in Sparta Township, NJ under the Section 8 program is 21.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Sparta Township, NJ, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 158 |
Total Units Section 8 | 158 |
% Rentals under Section 8 | 21.5% |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $390 | $1,750 | $2,140 |
| 2 Bedroom | -$10 | $2,600 | $2,590 |
| 3 Bedroom | -$240 | $3,500 | $3,260 |
| 4 Bedroom | -$490 | $4,200 | $3,710 |
Affordability — Sparta Township, NJ
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $600,000 |
| Median Household Income | $167,000 |