Is Sparks, NV a good place to invest in rental property?

Sparks, NV has a median modeled monthly cash flow of $-1,510 and a median cap rate of 3.0%, on a median sold price of $512,490. Prices changed +1.4% year over year.

What is the average cap rate in Sparks, NV?

The median cap rate across recently sold homes in Sparks, NV is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sparks, NV?

The median sold price in Sparks, NV is $512,490 (about $291 per square foot).

Investing in Sparks, NV Real Estate

A data-driven snapshot of the Sparks, NV rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$512,490Median sold price

$291Median $/sqft

3.0%Median cap rate

$-1,510Modeled cash flow / mo

+1.4%Appreciation YoY

6.2Months of supply

653Active listings

1,257Sold (last 12 mo)

What the Sparks numbers say

In Sparks, NV, the median home sold for $512,490 (about $291 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,510 of monthly cash flow. Sold prices moved +1.4% over the past year. Inventory sits at about 6.2 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Nevada markets to compare

See Sparks cash-flowing listings

CashFlowRE ranks every for-sale home in Sparks, NV by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Sparks deals, or browse the national market data.