The housing market in Sparta, TN is thriving. The median value for homes in the area is $219,000, which is significantly lower than the US median of $338,100. However, appreciation for homes in Sparta over the last year was 19.24%, which is much higher than the national average of 8.27%. This indicates that even though prices are comparatively low, a major increase can be expected in the near future. The housing market in Sparta looks promising and could be a great opportunity for potential homebuyers or investors looking to break into the real estate market.
The median home cost in Sparta is $219,000. Home appreciation the last 10 years has been 111.1%. Home Appreciation in Sparta is up 25.2%.
Average Age of Homes
- The median age of Sparta real estate is 58 years old
The Rental Market in Sparta
- Renters make up 33.9% of the Sparta population
- 0.0% of houses and apartments in Sparta, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.