Sparks, NV
Washoe County · Pop. 108,445
Ranked #178 of 243 cities
32Crisis
Median Home Price
🏠$450K
3.8% YoY
Median Rent
🔑$1,600
3.0% YoY
Median Income
💰$62K
Rent Burden
📊32.5%
% of income to rent
Income to Buy
🏦$129K
annual income needed
Income to Rent
📝$64K
annual income needed
Price-to-Income
⚖️7.3x
Homeownership
🏡52.0%
Rent vs. Buy
Buy
$2,395/mo
Est. mortgage (7%, 20% down)
Need $129K/yr income
Rent
$1,600/mo
Median rent
Need $64K/yr income
How Sparks Compares
| Metric | Sparks | Nevada | National |
|---|---|---|---|
| Home Price | $450K | $441K | $410K |
| Rent | $1,600 | $1,622 | $1,500 |
| Income | $62K | $76K | $75K |
| Rent Burden | 32.5% | 36.0% | 30.0% |
Key Takeaways
- • Home prices in Sparks are 10% higher than the national average.
- • Rent is 7% higher than the national average.
- • You need an income of $129K to comfortably buy a home here.
- • The homeownership rate is 52.0%, compared to 65.0% nationally.