Sparta, TN 38583 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sparta, TN—38583

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$268,000

1.9% YoY Growth

Household Income

$58,300

40.9% YoY Growth

Days on Market

100

22.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$700

26.8% YoY Growth

1-Bed Rent

$525

69.1% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$1,700

0.6% YoY Growth

Home Price Trends — Sparta, TN

Sparta, TN lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$268,000	1.9%
Single Family	$268,000	2.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Sparta, TN

As of July '25, Rentcast reports the average rent in Sparta, TN is $1,120, with a year-over-year rent change of -26.8%. Per bedroom, the median rent as of July '25 in Sparta, TN is studios: $700, 1-bedrooms: $525, 3-bedrooms: $1,550, 4-bedrooms: $2,000. The most common rental property sizes in Sparta, TN are 2-bedroom and 3-bedroom, accounting for 47.4% and 42.1% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$700	$1,120
Studio Rent	$700	$700
1 Bed Rent	$525	$525
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,700	$1,550
4 Bed Rent	$2,000	$2,000

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% of Rental Stock

Studio

0.9%

1 Bedroom

5.2%

2 Bedrooms

47.4%

3 Bedrooms

42.1%

4 Bedrooms

3.1%

5+ Bedrooms

1.3%

Property Listings — Sparta, TN

As of Dec '25, Realtor.com reports that the median days on market for a home in Sparta, TN is 91. This is a increase of 19.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$343,000	4.0%
Listing Count	196	7.0%
Listings as % of Homes	1.1%	7.0%
Days on Market	100	22.0%

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Demographics — Sparta, TN

As of the latest ACS Survey released in 2023, Sparta, TN has a population of 25,700, which has increased by 6.8% over the past 5 years. Sparta, TN is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 14.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.

Metric	Latest Census	YoY % Change
Population	25,700	6.8%
% Under 18	20.9%	-5.9%
% Seniors	21.1%	6.0%
% WFH	6.4%	113.3%
% w/ College Degree	14.2%	9.2%

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As of the latest ACS Survey released in 2023, Sparta, TN is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in Sparta, TN is hispanic, making up 2.7% of the population. Foreign-born residents account for 1.1% of the population in Sparta, TN, and this percentage has decreased by 21.4% 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	93.2%	-0.4%
% Black	1.4%	-39.1%
% Hispanic	2.7%	35.0%
% Asian	0.4%	100.0%
% Foreign Born	1.1%	-21.4%

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Mortgage and Risk — Sparta, TN

According to HUD data as of 2023, there were 546 mortgage originations in Sparta, TN, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Sparta, TN. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	546
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Sparta, TN

Sparta, TN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	261
Total Units Section 8	63
% Rentals under Section 8	N/A
% Occupied Section 8	92.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$255	$525	$780
2 Bedroom	N/A	N/A	$1,020
3 Bedroom	-$460	$1,700	$1,240
4 Bedroom	-$530	$2,000	$1,470

Sparta, TN—38583

Key Metrics at a Glance

Home Price Trends — Sparta, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sparta, TN

% of Rental Stock

Property Listings — Sparta, TN

Demographics — Sparta, TN

Race and Ethnicity

Mortgage and Risk — Sparta, TN

Mortgages

Rentals and Section 8 — Sparta, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sparta, TN

Home Price to Income Ratio

Sparta, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Cookeville

Cookeville, TN

The Meadows

Rock Island, TN

Baxter, TN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.1
Median Home Price	$268,000
Median Household Income	$58,300

Sparta, TN—38583

Key Metrics at a Glance

Home Price Trends — Sparta, TN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sparta, TN

% of Rental Stock

Property Listings — Sparta, TN

Demographics — Sparta, TN

Race and Ethnicity

Mortgage and Risk — Sparta, TN

Mortgages

Rentals and Section 8 — Sparta, TN

Section 8 Market Size

Section 8 Opportunity

Affordability — Sparta, TN

Home Price to Income Ratio

Sparta, TN — ZIP Code Boundary Map

Nearby ZIP Codes

Cookeville

Cookeville, TN

The Meadows

Rock Island, TN

Baxter, TN

Frequently Asked Questions

What is the average home price in Sparta, TN 38583?

How have home prices in Sparta, TN 38583 changed over the past year?

What is the home price projection for Sparta, TN 38583?

What are the demographics of Sparta, TN 38583?

How long does it take homes to sell in Sparta, TN 38583?

What is the average rent price in Sparta, TN 38583?