Sparks, NV—89436
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 $563,000, with a year-over-year change of -1.0%. This indicates that home prices in Sparks, NV are flat. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $563,000 | -1.0% |
| Single Family | $564,000 | -1.4% |
| Condos | $379,000 | -3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $429,000 | -2.5% |
3 Bed | $527,000 | -1.1% |
4 Bed | $606,000 | -1.5% |
| 5 Bed | $700,000 | -1.4% |
% of Housing Stock
Rental Trends — Sparks, NV
As of July '25, Rentcast reports the average rent in Sparks, NV is $2,660, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Sparks, NV is 1-bedrooms: $1,710, 2-bedrooms: $2,270, 3-bedrooms: $2,580, 4-bedrooms: $2,950. The most common rental property sizes in Sparks, NV are 3-bedroom and 2-bedroom, accounting for 34.8% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,720 | $1,710 |
| 2 Bed Rent | $2,120 | $2,270 |
| 3 Bed Rent | $2,500 | $2,580 |
| 4 Bed Rent | $2,800 | $2,950 |
% 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 57. This is a increase of 23.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $612,000 | 3.0% |
Listing Count | 250 | -1.0% |
| Listings as % of Homes | 0.8% | -1.0% |
Days on Market | 57 | 23.0% |
Demographics — Sparks, NV
As of the latest ACS Survey released in 2023, Sparks, NV has a population of 48,200, which has increased by 14.7% over the past 5 years. Sparks, NV is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 35.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 48,200 | 14.7% |
% Under 18 | 23.5% | -6.0% |
% Seniors | 17.3% | 13.8% |
% WFH | 12.6% | 152.0% |
% w/ College Degree | 35.9% | 10.1% |
As of the latest ACS Survey released in 2023, Sparks, NV is a predominantly white area, with 67.7% of the population identifying as white. The white population has shrunk by 7.0% in the last 5 years. The second most common race or ethnicity in Sparks, NV is hispanic, making up 20.8% of the population. Foreign-born residents account for 9.3% of the population in Sparks, NV, and this percentage has increased by 14.8% 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 | 67.7% | -7.0% |
% Black | 1.6% | -20.0% |
% Hispanic | 20.8% | 23.1% |
% Asian | 5.2% | 13.0% |
% Foreign Born | 9.3% | 14.8% |
Mortgage and Risk — Sparks, NV
According to HUD data as of 2023, there were 1141 mortgage originations in Sparks, NV, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Sparks, NV. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,141 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Sparks, NV
As of 2024, the percent of homes in Sparks, NV under the Section 8 program is 0.2%. 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 | 23 |
Total Units Section 8 | 23 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $140 | $1,720 | $1,860 |
| 2 Bedroom | $220 | $2,120 | $2,340 |
| 3 Bedroom | $740 | $2,500 | $3,240 |
| 4 Bedroom | $990 | $2,800 | $3,790 |
Affordability — Sparks, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $563,000 |
| Median Household Income | $109,000 |