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East Sparta

Learn about the people, housing, costs and businesses in East Sparta, Ohio

Median Home$169,800
Median Rent$850/month
Population751
Leading IndustriesFinance & Insurance · Information & Media · Retail9% finance & insurance
Home Value Growth-0.4% over 2 years
Retirees24% of residentsslightly above average
Homeowners86% of occupied units
East Sparta
OH

Frequently Asked Questions

What are today's mortgage rates in East Sparta?

As of today, the 30-year fixed mortgage rate for East Sparta is approximately 6.986% (7.028% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in East Sparta?

The median home value in East Sparta is $170k. The median monthly rent is $850. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in East Sparta?

Home values in East Sparta have decreased 0.4% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in East Sparta?

Based on a typical all-in ownership cost of $883/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in East Sparta is $75k/year.

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What industries drive the economy in East Sparta?

The largest employment sectors in East Sparta are public administration (22%) and retail (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.