The typical owner-occupied home in Sparks is worth about $86,300, 72% below the Georgia median of $303,300 and 74% below the national median of $332,700. Owners pay a median $649 a year in property taxes, about 0.75% of their home's value, close to the Georgia rate of 0.77%. The median household earns $39,191 a year, so the median home costs 2.2 times the median income (3.9 times for Georgia). 44% of occupied homes here are lived in by their owners, and 41% of those owners still have a mortgage.
Sparks at a glance
| Sparks | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $86,300 | $303,300 | $332,700 |
| Median property tax paid per year | $649 | $2,341 | $3,119 |
| Property tax as a share of value | 0.75% | 0.77% | 0.94% |
| Median household income | $39,191 | $77,353 | $80,734 |
| Homes lived in by their owners | 44% | 66% | 65% |
| Owner homes with a mortgage | 41% | 63% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 20.0% | 21.0% |
| Median rent | $929 | $1,393 | $1,413 |
| Rent as a share of renters' income | 27.0% | 31.3% | 30.6% |
| Median year homes were built | 1980 | 1992 | 1980 |
| Vacant homes | 26.2% | 10.3% | 10.1% |
| Population | 2,056 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Sparks
At this week's average 30-year rate of 7.11%, buying the median Sparks home of $86,300 with 20% down costs about $554 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $698, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $23,757 for the 20%-down payment. That payment is 17% of the median Sparks household income of $39,191; at that income and 20% down, the 28% guideline points to a home of about $142,000.
The median rent here is $929 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $17,260 |
|---|---|
| Loan amount | $69,040 |
| Principal and interest | $464 |
| Property taxes (0.75% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| PMI | $0 |
| Total per month | $554 |
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| Down payment | $3,020 |
|---|---|
| Loan amount | $84,737 |
| Principal and interest | $570 |
| Property taxes (0.75% a year) | $54 |
| Homeowners insurance (our estimate, 0.5% a year) | $36 |
| FHA mortgage insurance | $38 |
| Total per month | $698 |
Change the numbers in the calculator
Questions about home buying in Sparks
What is the median home value in Sparks?
About $86,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sparks?
Homeowners pay a median $649 a year, which is about 0.75% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sparks?
For the median home with 20% down at 7.11%, the payment is about $554 a month. Keeping that under 28% of gross income takes about $23,757 a year.
More about Sparks
- Mortgage Refinance in Sparks
- Debt Relief in Sparks
- Home Equity Loans in Sparks
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data