Sparta, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Sparta Neighborhoods Since 2000




Sparta, WI 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 a population of 9,679, 4,196 total housing units (homes and apartments), and a median house value of $130,562, house prices in Sparta are solidly below the national average.

Single-family detached homes are the single most common housing type in Sparta, accounting for 55.54% of the city's housing units. Other types of housing that are prevalent in Sparta include duplexes, homes converted to apartments or other small apartment buildings ( 16.29%), mobile homes or trailers ( 13.97%), and a few large apartment complexes or high rise apartments ( 11.55%).

The most prevalent building size and type in Sparta are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.51% owning and 46.49% renting.

There is a lot of housing in Sparta built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sparta built before 1939 ( 24.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.51%). There's also some housing in Sparta built between 2000 and later ( 13.55%).

Sparta Home Appreciation Rates

Appreciation rates for homes in Sparta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.26%, which ranks in the top 40% nationwide. This equates to an annual average Sparta house appreciation rate of 0.70%.

NeighborhoodScout's data show that during the latest twelve months, Sparta's appreciation rate, at 4.88%, has been at or slightly above the national average. In the latest quarter, Sparta's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.

Relative to Wisconsin, our data show that Sparta's latest annual appreciation rate is higher than 60% of the other cities and towns in Wisconsin.

Average Home Values

 

Median Home Value:
$130,562

Sparta, WI HOME PRICES

Value Range
> $1,082,000 0.2
$812,001 - $1,082,000 0.1
$541,001 - $812,000 0.6
$433,001 - $541,000 0.5
$324,001 - $433,000 1.7
$216,001 - $324,000 10.2
$108,001 - $216,000 46.8
$54,001 - $108,000 22.8
$0 - $54,000 17.0

Very Low for WI
Average for Nation

Value Relative to Nation Value Relative to State
59.5482245400211 84.1889117043121

Number Of Homes And Apartments:
4,196

Sparta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
41.70% 2.04% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$897 / per month

Homeownership Rate

Homeownership
Owners 53.51
Renters 46.49
Vacant 5.88

Housing Market Details

 

Age of Homes

AGE OF Sparta HOMES
2000 or Newer 13.5
1970 - 1999 40.6
1940 - 1969 21.5
1939 or Older 24.4

Types of Homes

TYPE OF Sparta HOMES
Single-Family 55.5
Townhomes 2.6
Small Apt. Buildings 16.3
Apt. Complexes 11.6
Mobile Homes 14.0
Other 0.0

Home Size

SIZE OF Sparta HOMES
No Bedroom 4.67
1 Bedroom 6.44
2 Bedrooms 33.98
3 Bedrooms 41.32
4 Bedrooms 12.43
5 or more bedrooms 1.17

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Zip Codes in Sparta, WI