Sparta, WI—54656
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparta, WI
Sparta, WI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $262,000 | 6.6% |
| Single Family | $262,000 | 6.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $213,000 | 7.6% |
3 Bed | $271,000 | 6.3% |
4 Bed | $326,000 | 5.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sparta, WI
As of July '25, Rentcast reports the average rent in Sparta, WI is $1,000, with a year-over-year rent change of 21.4%. Per bedroom, the median rent as of July '25 in Sparta, WI is studios: $788, 1-bedrooms: $816, 2-bedrooms: $1,010, 3-bedrooms: $1,060, 4-bedrooms: $2,300. The most common rental property sizes in Sparta, WI are 2-bedroom and 3-bedroom, accounting for 44.1% and 36.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $900 | $1,000 |
| Studio Rent | $725 | $788 |
| 1 Bed Rent | $795 | $816 |
| 2 Bed Rent | $995 | $1,010 |
| 3 Bed Rent | $1,100 | $1,060 |
| 4 Bed Rent | $2,300 | $2,300 |
% of Rental Stock
Property Listings — Sparta, WI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparta, WI is 70. 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | -13.0% |
Listing Count | 45 | 38.0% |
| Listings as % of Homes | 0.2% | 38.0% |
Days on Market | 70 | 19.0% |
Demographics — Sparta, WI
As of the latest ACS Survey released in 2023, Sparta, WI has a population of 18,100, which has increased by 3.1% over the past 5 years. Sparta, WI is a moderately popular place for families, as children make up 24.3% of the population. The area has a poorly educated workforce, with 19.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,100 | 3.1% |
% Under 18 | 24.3% | 5.2% |
% Seniors | 16.7% | -1.8% |
% WFH | 9.8% | 133.3% |
% w/ College Degree | 19.9% | -7.0% |
As of the latest ACS Survey released in 2023, Sparta, WI is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Sparta, WI is hispanic, making up 6.0% of the population. Foreign-born residents account for 2.7% of the population in Sparta, WI, and this percentage has increased by 68.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.4% | -4.1% |
% Black | 1.9% | 26.7% |
% Hispanic | 6.0% | 66.7% |
% Asian | 0.6% | -45.5% |
% Foreign Born | 2.7% | 68.8% |
Mortgage and Risk — Sparta, WI
According to HUD data as of 2023, there were 256 mortgage originations in Sparta, WI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Sparta, WI. Investor activity is low, as 5.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 256 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Sparta, WI
As of 2024, the percent of homes in Sparta, WI under the Section 8 program is 9.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Sparta, WI, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 238 |
Total Units Section 8 | 181 |
% Rentals under Section 8 | 9.2% |
% Occupied Section 8 | 79.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $55 | $795 | $850 |
| 2 Bedroom | $55 | $995 | $1,050 |
| 3 Bedroom | $270 | $1,100 | $1,370 |
| 4 Bedroom | -$580 | $2,300 | $1,720 |
Affordability — Sparta, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $262,000 |
| Median Household Income | $70,600 |