Sparta, MO—65753
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sparta, MO
As of Oct '25, the median home price in Sparta, MO is $246,000, with a year-over-year change of 4.1%. This indicates that home prices in Sparta, MO are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $246,000 | 4.1% |
| Single Family | $245,000 | 3.8% |
| 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 | $238,000 | 3.5% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sparta, MO
As of July '25, Rentcast reports the average rent in Sparta, MO is $1,020, with a year-over-year rent change of -15.0%. Per bedroom, the median rent as of July '25 in Sparta, MO is 3-bedrooms: $1,020. The most common rental property sizes in Sparta, MO are 2-bedroom and 3-bedroom, accounting for 40.3% and 38.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,020 | $1,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,020 | $1,020 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sparta, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in Sparta, MO is 55. 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 48.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $287,000 | -10.0% |
Listing Count | 29 | -4.0% |
| Listings as % of Homes | 0.5% | -4.0% |
Days on Market | 55 | 19.0% |
Demographics — Sparta, MO
As of the latest ACS Survey released in 2023, Sparta, MO has a population of 5,120, which has remained stable by -0.1% over the past 5 years. Sparta, MO is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 18.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,120 | -0.1% |
% Under 18 | 20.9% | -11.1% |
% Seniors | 23.5% | 72.8% |
% WFH | 6.5% | 132.1% |
% w/ College Degree | 18.4% | 21.9% |
As of the latest ACS Survey released in 2023, Sparta, MO is a predominantly white area, with 96.5% of the population identifying as white. The white population has grown by 7.2% in the last 5 years. The second most common race or ethnicity in Sparta, MO is hispanic, making up 1.6% of the population. Foreign-born residents account for 1.8% of the population in Sparta, MO, and this percentage has increased by 1700.0% 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 | 96.5% | 7.2% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.6% | -64.4% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.8% | 1,700.0% |
Mortgage and Risk — Sparta, MO
According to HUD data as of 2023, there were 99 mortgage originations in Sparta, MO, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Sparta, MO. 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 | 99 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sparta, MO
Sparta, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $710 |
| 2 Bedroom | N/A | N/A | $890 |
| 3 Bedroom | $200 | $1,020 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,370 |
Affordability — Sparta, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $246,000 |
| Median Household Income | $77,200 |