Sparks, NV—89434
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparks, NV
As of Oct '25, the median home price in Sparks, NV is $461,000, with a year-over-year change of -0.6%. This indicates that home prices in Sparks, NV are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $461,000 | -0.6% |
| Single Family | $466,000 | -0.9% |
| Condos | $260,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $233,000 | 2.2% |
2 Bed | $368,000 | -3.2% |
3 Bed | $449,000 | -0.9% |
4 Bed | $509,000 | -0.4% |
| 5 Bed | $657,000 | 0.3% |
% of Housing Stock
Rental Trends — Sparks, NV
As of July '25, Rentcast reports the average rent in Sparks, NV is $2,170, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Sparks, NV is studios: $3,100, 1-bedrooms: $1,580, 2-bedrooms: $1,710, 3-bedrooms: $2,420, 4-bedrooms: $2,770. The most common rental property sizes in Sparks, NV are 2-bedroom and 3-bedroom, accounting for 37.9% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,170 |
| Studio Rent | $3,100 | $3,100 |
| 1 Bed Rent | $1,560 | $1,580 |
| 2 Bed Rent | $1,700 | $1,710 |
| 3 Bed Rent | $2,400 | $2,420 |
| 4 Bed Rent | $2,800 | $2,770 |
% of Rental Stock
Property Listings — Sparks, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparks, NV is 62. This is a increase of 20.0% 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 | -3.0% |
Listing Count | 89 | 33.0% |
| Listings as % of Homes | 0.4% | 33.0% |
Days on Market | 62 | 20.0% |
Demographics — Sparks, NV
As of the latest ACS Survey released in 2023, Sparks, NV has a population of 27,800, which has increased by 7.8% over the past 5 years. Sparks, NV is a moderately popular place for families, as children make up 20.0% of the population. The area has a moderately educated workforce, with 28.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,800 | 7.8% |
% Under 18 | 20.0% | 4.2% |
% Seniors | 18.6% | -3.6% |
% WFH | 8.1% | 376.5% |
% w/ College Degree | 28.1% | 26.6% |
As of the latest ACS Survey released in 2023, Sparks, NV is a predominantly white area, with 61.0% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in Sparks, NV is hispanic, making up 24.2% of the population. Foreign-born residents account for 11.3% of the population in Sparks, NV, and this percentage has decreased by 19.3% 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 | 61.0% | 1.7% |
% Black | 1.8% | -37.9% |
% Hispanic | 24.2% | 2.1% |
% Asian | 5.4% | -35.7% |
% Foreign Born | 11.3% | -19.3% |
Mortgage and Risk — Sparks, NV
According to HUD data as of 2023, there were 343 mortgage originations in Sparks, NV, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Sparks, NV. Investor activity is low, as 2.0% 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 | 343 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Sparks, NV
As of 2024, the percent of homes in Sparks, NV under the Section 8 program is 2.2%. 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. In Sparks, NV, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 93 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,560 | $1,590 |
| 2 Bedroom | $300 | $1,700 | $2,000 |
| 3 Bedroom | $370 | $2,400 | $2,770 |
| 4 Bedroom | $440 | $2,800 | $3,240 |
Affordability — Sparks, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $461,000 |
| Median Household Income | $91,000 |