Sparks Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$241,300

  • 15.0% 1-year change
  • 5.5% 1-year forecast

The median home value in Sparks is $241,300. Sparks home values have gone up 15.0% over the past year and Zillow predicts they will rise 5.5% within the next year. The median rent price in Sparks is $1,450, which is higher than the Reno Metro median of $1,400.

Foreclosures will be a factor impacting home values in the next several years. In Sparks 3.4 homes are foreclosed (per 10,000). This is lower than the Reno Metro value of 4.3 and also lower than the national value of 3.6

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Sparks is 7.3%, which is higher than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Sparks homeowners underwater on their mortgage is 15.9%, which is lower than Reno Metro at 16.0%.

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Relative ZHVI
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Sparks Market Overview

Data through Jul 31, 2015
  • $241,300 ZHVI
  • 5.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jul 31, 2016)
  • No data Median listing price
  • $250,750 Median sale price
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Sparks Market Health

Data through Jul 31, 2015
  • 5.8/10 Healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 15.9% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 7.3% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

3 Sparks
4 Reno Metro
4 United States
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Nearby Cities

Name Median ZHVI
Verdi-Mogul $331,500
Reno $208,000
Carson City $184,100
Name Median ZHVI
Cold Springs $177,900
Lemmon Valley-Golden Valley $174,600
Sun Valley $164,000
Name Median ZHVI
Dayton $152,200
Fernley $135,400
Silver Springs $130,100

Listings & Sales

Data through Jul 31, 2015
  • No recent data Median list price / sq ft
  • $147 Median sale price / sq ft
  • No data Listings with price cut
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Sparks Rentals

Data through Jul 31, 2015
  • Zillow Rent Index

  • $1,382 Sparks
    $1,456 Reno Metro
    $1,376 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Mar 31, 2015)
  • $1,450 Rent list price
  • $0.86 Rent list price / sq ft
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