Sparta, MI—49345
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparta, MI
As of Oct '25, the median home price in Sparta, MI is $327,000, with a year-over-year change of 5.8%. This indicates that home prices in Sparta, MI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $327,000 | 5.8% |
| Single Family | $327,000 | 6.2% |
| Condos | $326,000 | 5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | 6.0% |
3 Bed | $318,000 | 6.0% |
4 Bed | $371,000 | 5.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Sparta, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparta, MI is 42. This is a increase of 4.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $454,000 | 59.0% |
Listing Count | 40 | -10.0% |
| Listings as % of Homes | 0.6% | -10.0% |
Days on Market | 42 | 4.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Sparta, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $327,000 |
| Median Household Income | $84,900 |