Sparta, WI 54656 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sparta, WI—54656

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$264,000

6.8% YoY Growth

Household Income

$70,600

21.3% YoY Growth

Days on Market

93.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$900

21.4% YoY Growth

1-Bed Rent

$795

4.0% YoY Growth

2-Bed Rent

$995

25.6% YoY Growth

3-Bed Rent

$1,100

N/A

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	$264,000	6.8%
Single Family	$264,000	6.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

6.7%

1 Bedroom

6.9%

2 Bedrooms

44.1%

3 Bedrooms

36.3%

4 Bedrooms

4.9%

5+ Bedrooms

1.1%

Property Listings — Sparta, WI

As of Dec '25, Realtor.com reports that the median days on market for a home in Sparta, WI is 78. This is a increase of 52.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$273,000	-8.0%
Listing Count	33	20.0%
Listings as % of Homes	0.2%	20.0%
Days on Market	82	93.0%

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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%

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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%

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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%

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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

Sparta, WI—54656

Key Metrics at a Glance

Home Price Trends — Sparta, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sparta, WI

% of Rental Stock

Property Listings — Sparta, WI

Demographics — Sparta, WI

Race and Ethnicity

Mortgage and Risk — Sparta, WI

Mortgages

Rentals and Section 8 — Sparta, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sparta, WI

Home Price to Income Ratio

Sparta, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Bangor, WI

Rockland, WI

Cashton, WI

Mindoro, WI

Melrose, WI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$264,000
Median Household Income	$70,600

Sparta, WI—54656

Key Metrics at a Glance

Home Price Trends — Sparta, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sparta, WI

% of Rental Stock

Property Listings — Sparta, WI

Demographics — Sparta, WI

Race and Ethnicity

Mortgage and Risk — Sparta, WI

Mortgages

Rentals and Section 8 — Sparta, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Sparta, WI

Home Price to Income Ratio

Sparta, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Bangor, WI

Rockland, WI

Cashton, WI

Mindoro, WI

Melrose, WI

Frequently Asked Questions

What is the average home price in Sparta, WI 54656?

How have home prices in Sparta, WI 54656 changed over the past year?

What is the home price projection for Sparta, WI 54656?

What are the demographics of Sparta, WI 54656?

How long does it take homes to sell in Sparta, WI 54656?

What is the average rent price in Sparta, WI 54656?