What HUD offices serve Sparks, Nevada?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Nevada Public Housing and Low-Income Apartments Waiting Lists page for openings near Sparks.
How many renters live in Sparks, Nevada?
The City of Sparks has 109,227 people living in 42,946 households.
There are 38,781 renters living in 16,096 renter households in this City. Renters make up 35.5 percent of the population living in Sparks.
What is the rental market like in Sparks, Nevada?
There are an estimated 43,421 housing units in the Sparks area. Of these, 17,777 units are rental homes, making up 41 percent of the housing market. For every renter household in Sparks, Nevada, there are 1 rental units.
What is the vacancy rate for rentals in Sparks?
The rental vacancy rate in Sparks is 7 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Sparks for each bedroom size?
Occupied Rental Units by Size in Sparks
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 983 | 3,984 | 5,860 | 4,103 | 1,297 |
Occupied Rental Units by Size in Sparks
A large number of apartments in Sparks have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Sparks are overburdened by housing costs?
Among renter households in this market, 54 percent have housing cost burden. Further, 27 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Sparks
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,072 to $2,669. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,072 |
| One BR | $1,257 |
| Two BR | $1,582 |
| Three BR | $2,229 |
| Four BR | $2,669 |
2024 Fair Market Rents in Sparks, Nevada
How many units are rented at Fair Market Rent (FMR) in Sparks?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 459 | 47 percent |
| One BR | 2,085 | 52 percent |
| Two BR | 2,740 | 47 percent |
Rental Units Below FMR in Sparks, Nevada
How many affordable rental units are in Sparks?
There are a variety of federal affordable housing programs serving households in Sparks, Nevada including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 1,071 |
| Public Housing | 34 |
Tracked Units by Federal Program in Sparks, Nevada
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Sparks, Nevada
Sparks features 34 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Sparks, Nevada
There are 1,291 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sparks.
Housing Choice Vouchers in Sparks, Nevada
On average, Section 8 Housing Choice vouchers pay Sparks landlords $500 per month towards rent. The average voucher holder contributes $400 towards rent in Sparks.
The maximum amount a voucher would pay on behalf of a low-income tenant in Sparks, Nevada for a two-bedroom apartment is between $1,424 and $1,740.
Sourced from federal housing data and AffordableHousingOnline.com research.
