Zip 89431 (Sparks, NV) Housing

The housing market in 89431 Sparks, NV has been moderate, with the median value of a house at $361,100. This is slightly more expensive than the national median house value of $338,100. However, the appreciation rate of a house in this area has lagged behind the national appreciation rate by 3.55% in the past year; while the US 1 year House Appreciation Rate was 8.27%, The House 1 Year Appreciation Rate in 89431 Sparks, NV was only 4.72%. Despite this slower growth rate compared to national standards, housing prices in 89431 Sparks, NV remain high and positive overall.

The median home cost in Sparks (zip 89431) is $361,100. Home appreciation the last 10 years has been 200.5%. Home Appreciation in Sparks (zip 89431) is up 12.6%.

Average Age of Homes

- The median age of Sparks (zip 89431) real estate is 44 years old

The Rental Market in Sparks (zip 89431)

- Renters make up 48.7% of the Sparks (zip 89431) population
- 2.3% of houses and apartments in Sparks (zip 89431), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Sparks, Nevada	United States
	16,400.0	139,647,020.0
	48	42
	$361,100	$338,100
	12.6%	16.6%
	69.4%	57.0%
	200.5%	101.1%
	$5.09	$10.98
	$900	$2,690
	42.5%	57.4%
	6.5%	11.2%
	51.1%	31.4%
Vacant Housing
	2.3%	1.9%
	0.1%	0.4%
	0.2%	0.7%
	0.0%	0.4%
	0.4%	3.6%
	3.4%	4.1%
Value of Owner-Occupied Housing
	4.9%	2.6%
	1.3%	2.4%
	0.4%	2.8%
	0.7%	3.9%
	0.9%	4.5%
	3.7%	11.3%
	9.8%	13.0%
	46.9%	20.1%
	22.8%	13.6%
	5.0%	8.3%
	2.9%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.9%	13.6%
	5.9%	13.6%
	9.2%	13.6%
	14.2%	13.2%
	24.5%	14.8%
	9.2%	13.6%
	11.4%	10.0%
	5.3%	4.7%
	3.9%	12.2%

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