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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Sparks, NV Housing Affordability Index

Sparks, Nevada has an MBR Housing Affordability Index score of 89.5 (Moderately Less Affordable) as of October 30, 2026, ranking 42nd most affordable of 54 scored Nevada cities, compared with 86.2 statewide and 97.4 nationally. On a median-priced $483,800 home with 20% down, the Nevada average 30-year fixed rate of 7.14% means a monthly principal and interest payment of about $2,610, or 35% of the city’s $89,056 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Sparks is updated every night from live Nevada mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Sparks MBR-HAI 89.5 Moderately Less Affordable
Rank in Nevada 42 of 54 1 = most affordable
Nevada 86.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.14% Nevada lenders
Median home value $483,800 U.S. Census Bureau

Sparks is 3.3 points above the Nevada score. Scores as of October 30, 2026. See the Nevada index

View Sparks Mortgage Rates

See What You Can Afford in Sparks, Nevada

Use this Sparks, Nevada home affordability calculator to see how much house you can afford at today’s Nevada average 30-year mortgage rate of 7.14%. A household earning the Sparks median income of $89,056, with no other debts and $97,000 down, can afford a home of about $362,139, compared with a median home value of $483,800. Buying the median priced home with 20% down takes a household income of about $128,500 once property tax and insurance are counted.

Sparks median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Nevada average, 30-year fixed
Sparks median bill (Census)
Estimate; use your quote
You can afford a home up to
$362,139
Below the Sparks median home value of $483,800
Loan amount$265,139
Principal & interest$1,788/mo
Property tax$139/mo
Home insurance$151/mo
PMI$0/mo
Total monthly payment$2,078/mo
Compare Sparks Mortgage Rates

How much house can you afford in Sparks?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Sparks, property taxes run about 0.46% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $5,830 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Sparks

$2,610/mo
Principal & Interest
Median home, 20% down, 7.14%
$111,900
Income Needed
To keep principal and interest at 28% of income
$89,056
Median Household Income
Nevada: $78,260
5.4x
Price-to-Income Ratio
Nevada: 5.6x
$1,595/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,226/yr
Median Property Tax
0.46% of median value
24.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
49.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Sparks, Nevada. The rate is the Nevada average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Sparks Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Sparks, Nevada score: 89.5 (Moderately Less Affordable), ranked 42 of 54 Nevada cities. monitorbankrates.com/housing-affordability-index/nevada/sparks”