Sparta, GA—31087
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparta, GA
As of Oct '25, the median home price in Sparta, GA is $220,000, with a year-over-year change of 0.1%. This indicates that home prices in Sparta, GA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $220,000 | 0.1% |
| Single Family | $220,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $141,000 | 2.9% |
3 Bed | $171,000 | -0.6% |
4 Bed | $283,000 | 1.1% |
| 5 Bed | $348,000 | 4.8% |
% of Housing Stock
Rental Trends — Sparta, GA
Sparta, GA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sparta, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparta, GA is 124. This is a increase of 113.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $432,000 | 15.0% |
Listing Count | 53 | 50.0% |
| Listings as % of Homes | 0.5% | 50.0% |
Days on Market | 124 | 113.0% |
Demographics — Sparta, GA
As of the latest ACS Survey released in 2023, Sparta, GA has a population of 8,680, which has remained stable by -0.1% over the past 5 years. Sparta, GA is a less popular place for families, as children make up 14.6% of the population. The area has a poorly educated workforce, with 7.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,680 | -0.1% |
% Under 18 | 14.6% | 5.0% |
% Seniors | 25.0% | 7.8% |
% WFH | 3.1% | -27.9% |
% w/ College Degree | 7.7% | -18.9% |
As of the latest ACS Survey released in 2023, Sparta, GA is a predominantly black area, with 71.5% of the population identifying as black. The black population has remained stable in the last 5 years. The second most common race or ethnicity in Sparta, GA is white, making up 26.3% of the population. Foreign-born residents account for 1.3% of the population in Sparta, GA, and this percentage has decreased by 38.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.3% | 4.8% |
% Black | 71.5% | 0.0% |
% Hispanic | 0.6% | -68.4% |
% Asian | 0.5% | -44.4% |
% Foreign Born | 1.3% | -38.1% |
Mortgage and Risk — Sparta, GA
According to HUD data as of 2023, there were 66 mortgage originations in Sparta, GA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Sparta, GA. Investor activity is low, as 14.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 66 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 14.0% |
% Second Loans | 27.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Sparta, GA
Sparta, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 56 |
Total Units Section 8 | 32 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 62.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $910 |
| 3 Bedroom | N/A | N/A | $1,160 |
| 4 Bedroom | N/A | N/A | $1,510 |
Affordability — Sparta, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $220,000 |
| Median Household Income | $29,700 |