Sparks, NV—89441
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 $680,000, with a year-over-year change of 0.7%. 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 | $680,000 | 0.7% |
| Single Family | $680,000 | 0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $586,000 | 0.2% |
4 Bed | $728,000 | 0.1% |
| 5 Bed | $872,000 | 0.8% |
% of Housing Stock
Rental Trends — Sparks, NV
As of July '25, Rentcast reports the average rent in Sparks, NV is $2,920, with a year-over-year rent change of -1.4%. Per bedroom, the median rent as of July '25 in Sparks, NV is 3-bedrooms: $2,550, 4-bedrooms: $2,960. The most common rental property sizes in Sparks, NV are 3-bedroom and 2-bedroom, accounting for 39.2% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,600 | $2,550 |
| 4 Bed Rent | $2,900 | $2,960 |
% 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 78. This is a increase of 47.0% 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 | $744,000 | -1.0% |
Listing Count | 81 | 47.0% |
| Listings as % of Homes | 1.5% | 47.0% |
Days on Market | 78 | 47.0% |
Demographics — Sparks, NV
As of the latest ACS Survey released in 2023, Sparks, NV has a population of 13,900, which has increased by 8.0% over the past 5 years. Sparks, NV is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 31.5% 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 | 13,900 | 8.0% |
% Under 18 | 21.9% | -19.5% |
% Seniors | 18.7% | 26.4% |
% WFH | 10.3% | 123.9% |
% w/ College Degree | 31.5% | 15.8% |
As of the latest ACS Survey released in 2023, Sparks, NV is a predominantly white area, with 74.2% of the population identifying as white. The white population has grown by 1.5% in the last 5 years. The second most common race or ethnicity in Sparks, NV is hispanic, making up 12.9% of the population. Foreign-born residents account for 3.1% of the population in Sparks, NV, and this percentage has decreased by 50.0% 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 | 74.2% | 1.5% |
% Black | 0.8% | -57.9% |
% Hispanic | 12.9% | -16.2% |
% Asian | 1.3% | -48.0% |
% Foreign Born | 3.1% | -50.0% |
Mortgage and Risk — Sparks, NV
According to HUD data as of 2023, there were 311 mortgage originations in Sparks, NV, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Sparks, NV. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 311 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sparks, NV
Sparks, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 5 |
Total Units Section 8 | 5 |
% Rentals under Section 8 | 1.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,050 |
| 2 Bedroom | N/A | N/A | $2,580 |
| 3 Bedroom | $970 | $2,600 | $3,570 |
| 4 Bedroom | $1,280 | $2,900 | $4,180 |
Affordability — Sparks, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $680,000 |
| Median Household Income | $124,000 |