Sparta, MI 49345 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sparta, MI—49345

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$324,000

6.2% YoY Growth

Household Income

$84,900

37.0% YoY Growth

Days on Market

17.0% Longer YoY

Home Price Forecast

3.4%

Median Rent

$1,200

9.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,200

6.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Sparta, MI

As of Dec '25, the median home price in Sparta, MI is $324,000, with a year-over-year change of 6.2%. This indicates that home prices in Sparta, MI are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$324,000	6.2%
Single Family	$324,000	6.2%
Condos	$324,000	6.6%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sparta, MI

As of July '25, Rentcast reports the average rent in Sparta, MI is $1,250, with a year-over-year rent change of 9.6%. Per bedroom, the median rent as of July '25 in Sparta, MI is 2-bedrooms: $1,250. The most common rental property sizes in Sparta, MI are 2-bedroom and 1-bedroom, accounting for 39.5% and 30.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,250
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,200	$1,250
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

3.7%

1 Bedroom

30.8%

2 Bedrooms

39.5%

3 Bedrooms

23.9%

4 Bedrooms

1.6%

5+ Bedrooms

0.5%

Property Listings — Sparta, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Sparta, MI is 55. This is a increase of 8.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$530,000	76.0%
Listing Count	29	-20.0%
Listings as % of Homes	0.6%	-20.0%
Days on Market	64	17.0%

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Demographics — Sparta, MI

As of the latest ACS Survey released in 2023, Sparta, MI has a population of 13,200, which has decreased by -9.0% over the past 5 years. Sparta, MI is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 28.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	13,200	-9.0%
% Under 18	22.5%	-5.5%
% Seniors	15.5%	4.0%
% WFH	10.3%	243.3%
% w/ College Degree	28.2%	43.9%

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As of the latest ACS Survey released in 2023, Sparta, MI is a predominantly white area, with 89.8% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Sparta, MI is hispanic, making up 3.1% of the population. Foreign-born residents account for 2.4% of the population in Sparta, MI, and this percentage has decreased by 17.2% 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	89.8%	-1.4%
% Black	0.3%	-57.1%
% Hispanic	3.1%	-54.4%
% Asian	2.0%	400.0%
% Foreign Born	2.4%	-17.2%

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Mortgage and Risk — Sparta, MI

According to HUD data as of 2023, there were 332 mortgage originations in Sparta, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Sparta, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	332
% Conventional Loans	86.0%
% Government Loans	14.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Sparta, MI

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

Section 8 Market Size

Total Units under HUD	113
Total Units Section 8	68
% Rentals under Section 8	8.7%
% Occupied Section 8	81.1%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,030
2 Bedroom	$40	$1,200	$1,240
3 Bedroom	N/A	N/A	$1,610
4 Bedroom	N/A	N/A	$1,770

Sparta, MI—49345

Key Metrics at a Glance

Home Price Trends — Sparta, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sparta, MI

% of Rental Stock

Property Listings — Sparta, MI

Demographics — Sparta, MI

Race and Ethnicity

Mortgage and Risk — Sparta, MI

Mortgages

Rentals and Section 8 — Sparta, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sparta, MI

Home Price to Income Ratio

Sparta, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Alpine, MI

Kent City, MI

Walker, MI

Casnovia, MI

Conklin, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$324,000
Median Household Income	$84,900

Sparta, MI—49345

Key Metrics at a Glance

Home Price Trends — Sparta, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sparta, MI

% of Rental Stock

Property Listings — Sparta, MI

Demographics — Sparta, MI

Race and Ethnicity

Mortgage and Risk — Sparta, MI

Mortgages

Rentals and Section 8 — Sparta, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sparta, MI

Home Price to Income Ratio

Sparta, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Alpine, MI

Kent City, MI

Walker, MI

Casnovia, MI

Conklin, MI

Frequently Asked Questions

What is the average home price in Sparta, MI 49345?

How have home prices in Sparta, MI 49345 changed over the past year?

What is the home price projection for Sparta, MI 49345?

What are the demographics of Sparta, MI 49345?

How long does it take homes to sell in Sparta, MI 49345?

What is the average rent price in Sparta, MI 49345?