Sparks, Nevada Housing Market Prices
Sparks Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 3% above the Nevada median$368,076
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Median rent 8% above the Nevada median$1,717
Housing Market Overview
| Metric | Sparks | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $368,076 | $357,758 | $248,835 |
| Price Trend (Annual %) | 14.7% | 9.4% | 7.5% |
| Median Gross Rent | $1,717 | $1,597 | $1,407 |
| Rent Trend (Annual %) | 7.7% | 6.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sparks is about 3% higher than in Nevada. Rent is about 8% higher than the Nevada average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sparks, up about 14.7% and 7.7% a year respectively. Home prices are changing faster.
Median rent in Sparks rose about 84.0% between 2015 and 2024, from $933 to $1,717. Over the same span, rent in Nevada rose about 64.3%.
Affordability
On average, housing unit costs 4.2 yearly household incomes in Sparks.
Buying the median-priced home in Sparks costs roughly 17.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sparks. The price-to-rent ratio in Nevada is about 18.7.
| Metric | Sparks | Nevada Avg | US Average |
|---|---|---|---|
| Median Home Price | $368,076 | $357,758 | $248,835 |
| Median Household Income | $87,712 | $78,637 | $80,455 |
| Price-to-Income Ratio | 4.2 | 4.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sparks rose about 166.8%, while median household income rose about 45.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sparks | Nevada Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.0% | 54.4% | 58.5% |
| Rental Rate | 36.1% | 36.3% | 31.2% |
| Vacancy Rate | 8.0% | 9.3% | 10.2% |
| Median Tenure (years) | 11.0 | 12.0 | 15.0 |
| Median Year Moved In | 2015 | 2014 | 2011 |
Sparks has a homeownership rate of 56.0%, higher than the Nevada average of 54.4%. Its housing vacancy rate is 8.0%, compared with 9.3% in Nevada.
Housing Stock
| Metric | Sparks | Nevada Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.58 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1990 | 1993 | 1978 |
| Median Number of Rooms | 5.2 | 5.3 | 5.5 |
The typical housing unit in Sparks was built around 1990. On average, 2.6 people live in a home with about 5.2 rooms, staying for about 11.0 years on average.
Sparks, NV Housing Compared With Nearby Cities
How Sparks, NV compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sparks, NV | 103,031 | $368,076 #2/2 | $1,717 #1/2 | 60.8% #1/2 |
| Reno, NV | 252,492 | $448,532 | $1,527 | 48.8% |
Frequently Asked Questions
Common questions about the housing market in Sparks, Nevada.
What is the median home price in Sparks, Nevada?
The median home price in Sparks, Nevada is $368,076, higher than the Nevada average of $357,758.
What is the average home price in Sparks, Nevada?
The typical home price in Sparks, Nevada, reported as the median sale price, is $368,076. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sparks, Nevada?
The median gross rent in Sparks, Nevada is $1,717 per month, higher than the Nevada average of $1,597.
What was the median gross rent in Sparks in 2020?
In 2020, the median gross rent in Sparks, Nevada was $1,228 per month.
What is the price-to-rent ratio in Sparks, Nevada?
The price-to-rent ratio in Sparks, Nevada is about 17.9, meaning it would take roughly 17.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sparks.
Are home prices or rent rising faster in Sparks, Nevada?
Both home prices and rent are rising in Sparks, up about 14.7% and 7.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sparks, Nevada?
56.0% of households in Sparks, Nevada own their home, higher than the Nevada average of 54.4%.
What is the vacancy rate in Sparks, Nevada?
The housing vacancy rate in Sparks, Nevada is 8.0%, lower than the Nevada average of 9.3%.
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