Sparta, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sparta, WI Real Estate Data


Sparta Housing Market Information

With 9,679 people, 4,092 houses or apartments, and a median cost of homes of $124,557, 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 53.42% 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 ( 18.41%), mobile homes or trailers ( 13.41%), and a few large apartment complexes or high rise apartments ( 10.83%).

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 50.44% owning and 49.56% 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 ( 25.43%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.80%). There's also some housing in Sparta built between 2000 and later ( 11.04%).

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 10.85%, which ranks in the top 40% nationwide. This equates to an annual average Sparta house appreciation rate of 1.04%.

Appreciation rates are so strong in Sparta that despite a nationwide downturn in the housing market, Sparta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sparta appreciation rates continue to be some of the highest in America, at 5.85%, which is higher than appreciation rates in 72.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sparta. Sparta appreciation rates in the latest quarter were at 1.22%, which equates to an annual appreciation rate of 4.99%.

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

Average Home Values

 

Median Home Value:
$124,557

Sparta, WI HOME PRICES

Value Range
> $1,099,000 0.2
$824,001 - $1,099,000 0.0
$549,001 - $824,000 0.6
$440,001 - $549,000 0.8
$330,001 - $440,000 0.7
$220,001 - $330,000 12.1
$110,001 - $220,000 42.6
$55,001 - $110,000 22.2
$0 - $55,000 20.8

Very Low for WI
Low for Nation

Value Relative to Nation Value Relative to State
63.8695321192247 88.7063655030801

Number Of Homes And Apartments:
4,092

Rent & Ownership

 

Average Market Rent:
$954 / per month

Homeownership Rate

Homeownership
Owners 50.44
Renters 49.56
Vacant 4.88

Housing Market Details

 

Age of Homes

AGE OF Sparta HOMES
2000 or Newer 11.0
1970 - 1999 43.7
1940 - 1969 19.8
1939 or Older 25.4

Types of Homes

TYPE OF Sparta HOMES
Single-Family 53.4
Townhomes 3.9
Small Apt. Buildings 18.4
Apt. Complexes 10.8
Mobile Homes 13.4
Other 0.0

Home Size

SIZE OF Sparta HOMES
No Bedroom 4.23
1 Bedroom 6.30
2 Bedrooms 35.08
3 Bedrooms 40.28
4 Bedrooms 12.30
5 or more bedrooms 1.81

Sparta Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
40.89% 2.04% 8 5
* 10 is highest

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Zip Codes in Sparta, WI