Sparta, TN—38583
Real Estate Data & Market Trends
Key Metrics at a Glance
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 | $267,000 | 1.4% |
| Single Family | $267,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $292,000 | 3.2% |
4 Bed | $382,000 | 3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Sparta, TN
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparta, TN is 78. This is a increase of 16.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 8.0% |
Listing Count | 232 | 16.0% |
| Listings as % of Homes | 1.1% | 16.0% |
Days on Market | 78 | 16.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Sparta, TN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $267,000 |
| Median Household Income | $58,300 |