Sparta, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sparta Neighborhoods Since 2000




Sparta, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sparta Housing Market Information

With 1,293 people, 615 houses or apartments, and a median cost of homes of $60,207, house prices in Sparta are some of the most affordable in Georgia as well as the nation.

Single-family detached homes are the single most common housing type in Sparta, accounting for 63.29% of the city's housing units. Other types of housing that are prevalent in Sparta include mobile homes or trailers ( 16.82%), large apartment complexes or high rise apartments ( 15.15%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.21%).

People in Sparta primarily live in small (one, two or no bedroom) single-family detached homes. Sparta has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sparta's housing was primarily built during this period, from the '40s through the '60s. A full 39.41% of the city's housing hails from this era. Other housing ages represented in Sparta include homes built between 1970-1999 ( 38.38%) and housing constructed before 1939 ( 16.56%). There's also some housing in Sparta built between 2000 and later ( 5.65%).

Vacant housing appears to be an issue in Sparta. Fully 21.05% of the housing stock is classified as vacant. Left unchecked, vacant Sparta homes and apartments can be a drag on the real estate market, holding Sparta real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sparta Home Appreciation Rates

Sparta's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sparta during the period has been just -1.73%, which is lower than 80% of US communities.

Over the last year, Sparta appreciation rates have trailed the rest of the nation. In the last twelve months, Sparta's appreciation rate has been 2.29%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sparta were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Georgia, our data show that Sparta's latest annual appreciation rate is lower than 70% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$60,207

Sparta, GA HOME PRICES

Value Range
> $1,079,000 0.0
$809,001 - $1,079,000 0.0
$540,001 - $809,000 0.3
$432,001 - $540,000 0.0
$324,001 - $432,000 2.5
$216,001 - $324,000 1.9
$108,001 - $216,000 13.2
$54,001 - $108,000 43.9
$0 - $54,000 38.2

Very Low for GA
Very Low for Nation

Value Relative to Nation Value Relative to State
98.016524082972 95.1374207188161

Number Of Homes And Apartments:
615

Sparta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
27.46% 1.42% 7 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$756 / per month

Homeownership Rate

Homeownership
Owners 50.56
Renters 49.44
Vacant 21.05

Housing Market Details

 

Age of Homes

AGE OF Sparta HOMES
2000 or Newer 5.6
1970 - 1999 38.4
1940 - 1969 39.4
1939 or Older 16.6

Types of Homes

TYPE OF Sparta HOMES
Single-Family 63.3
Townhomes 1.5
Small Apt. Buildings 3.2
Apt. Complexes 15.1
Mobile Homes 16.8
Other 0.0

Home Size

SIZE OF Sparta HOMES
No Bedroom 0.00
1 Bedroom 12.45
2 Bedrooms 35.82
3 Bedrooms 36.20
4 Bedrooms 11.42
5 or more bedrooms 4.11

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Zip Codes in Sparta, GA