Sparta, KY—41086
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparta, KY
As of Oct '25, the median home price in Sparta, KY is $241,000, with a year-over-year change of 5.8%. This indicates that home prices in Sparta, KY are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $241,000 | 5.8% |
| Single Family | $242,000 | 6.6% |
| 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 | $256,000 | 6.7% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sparta, KY
Sparta, KY 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, KY
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparta, KY is 42. This is a increase of 71.0% 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 75.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $425,000 | 31.0% |
Listing Count | 8 | 0.0% |
| Listings as % of Homes | 0.5% | 0.0% |
Days on Market | 42 | 71.0% |
Demographics — Sparta, KY
As of the latest ACS Survey released in 2023, Sparta, KY has a population of 2,130, which has decreased by -26.1% over the past 5 years. Sparta, KY is a popular place for families, as children make up 27.7% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,130 | -26.1% |
% Under 18 | 27.7% | 0.7% |
% Seniors | 12.2% | -37.1% |
% WFH | 2.9% | -62.8% |
% w/ College Degree | 15.0% | 24.0% |
As of the latest ACS Survey released in 2023, Sparta, KY is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 11.7% in the last 5 years. The second most common race or ethnicity in Sparta, KY is hispanic, making up 11.1% of the population. Foreign-born residents account for 0.5% of the population in Sparta, KY, and this percentage has decreased by 28.6% 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 | 85.7% | -11.7% |
% Black | 0.1% | -87.5% |
% Hispanic | 11.1% | 1,010.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.5% | -28.6% |
Mortgage and Risk — Sparta, KY
According to HUD data as of 2023, there were 90 mortgage originations in Sparta, KY, of which 59.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Sparta, KY. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 90 |
% Conventional Loans | 59.0% |
% Government Loans | 41.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sparta, KY
Sparta, KY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.6% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,170 |
| 3 Bedroom | N/A | N/A | $1,530 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Sparta, KY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $241,000 |
| Median Household Income | $59,900 |