The typical owner-occupied home in Sparks is worth about $483,800, 11% above the Nevada median of $435,400 and 45% above the national median of $332,700. Owners pay a median $2,257 a year in property taxes, about 0.47% of their home's value, close to the Nevada rate of 0.47%. The median household earns $89,056 a year, so the median home costs 5.4 times the median income (5.6 times for Nevada). 60% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Sparks at a glance
| Sparks | Nevada | U.S. | |
|---|---|---|---|
| Median home value | $483,800 | $435,400 | $332,700 |
| Median property tax paid per year | $2,257 | $2,027 | $3,119 |
| Property tax as a share of value | 0.47% | 0.47% | 0.94% |
| Median household income | $89,056 | $78,260 | $80,734 |
| Homes lived in by their owners | 60% | 60% | 65% |
| Owner homes with a mortgage | 70% | 66% | 61% |
| Median monthly costs, owners with a mortgage | $2,010 | $1,932 | $1,963 |
| Those costs as a share of the owners' income | 21.2% | 22.3% | 21.0% |
| Median rent | $1,716 | $1,597 | $1,413 |
| Rent as a share of renters' income | 30.3% | 33.1% | 30.6% |
| Median year homes were built | 1993 | 1996 | 1980 |
| Vacant homes | 7.6% | 9.3% | 10.1% |
| Population | 110,024 | 3,184,612 | 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 $483,800 with 20% down costs about $2,995 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,801, 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 $128,345 for the 20%-down payment. That payment is 40% of the median Sparks household income of $89,056; at that income and 20% down, the 28% guideline points to a home of about $336,000.
The median rent here is $1,716 a month, so owning the median home costs about $1,279 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $96,760 |
|---|---|
| Loan amount | $387,040 |
| Principal and interest | $2,604 |
| Property taxes (0.47% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $202 |
| PMI | $0 |
| Total per month | $2,995 |
Change the numbers in the calculator
| Down payment | $16,933 |
|---|---|
| Loan amount | $475,037 |
| Principal and interest | $3,196 |
| Property taxes (0.47% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $202 |
| FHA mortgage insurance | $214 |
| Total per month | $3,801 |
Change the numbers in the calculator
Questions about home buying in Sparks
What is the median home value in Sparks?
About $483,800 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 $2,257 a year, which is about 0.47% 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 $2,995 a month. Keeping that under 28% of gross income takes about $128,345 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