LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$290K-3.5%|Baltimore · MDMedian List$265K+1.1%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$402K+1.2%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.7%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$618K+5.0%|Detroit · MIMedian List$321K-2.7%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$330K-1.5%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$250K+2.7%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$312K-1.4%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$310K+3.1%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$280K+1.8%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$209K+4.7%|Mesa · AZMedian List$490K-0.9%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.4%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.6M+14.9%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|LatestCoverageAll 50 states, D.C. and five territories now on the ledger|NewPuerto Rico's 78 municipios ledgered, municipio by municipio|FeatureAssessment appeal workspace — build a filing package from your own evidence|FeatureLiving reports — versioned, re-runnable, exportable|DevelopersMetered REST gateway · issued keys · signed webhooks|Live market readings · refreshed on loadAlbuquerque · NMMedian List$360K+2.5%|Austin · TXMedian List$290K-3.5%|Baltimore · MDMedian List$265K+1.1%|Bernalillo County · NMMedian List$364K+2.7%|Bexar County · TXMedian List$303K+3.7%|Boston · MAMedian List$859K+3.4%|Charlotte · NCMedian List$402K+1.2%|Chicago · ILMedian List$426K+9.3%|Clark County · NVMedian List$447K+0.1%|Columbus · OHMedian List$300K+0.7%|Cook County · ILMedian List$348K+5.1%|Dallas · TXMedian List$449K-0.1%|Davidson County · TNMedian List$465K-1.1%|Denver · COMedian List$618K+5.0%|Detroit · MIMedian List$321K-2.7%|Duval County · FLMedian List$297K-2.3%|El Paso · TXMedian List$260K+3.7%|Fort Worth · TXMedian List$330K-1.5%|Franklin County · OHMedian List$320K+3.2%|Fresno · CAMedian List$375K+2.1%|Harris County · TXMedian List$327K+0.6%|Houston · TXMedian List$340K+0.6%|Indianapolis · INMedian List$250K+2.7%|Jackson County · MOMedian List$275K+7.0%|Jacksonville · FLMedian List$312K-1.4%|Jefferson County · KYMedian List$248K-4.3%|Kansas City · MOMedian List$310K+3.1%|King County · WAMedian List$850K-4.0%|Las Vegas · NVMedian List$440K-1.1%|Los Angeles · CAMedian List$950K-0.5%|Louisville · KYMedian List$280K+1.8%|Maricopa County · AZMedian List$458K-0.4%|Marion County · INMedian List$259K+3.7%|Mecklenburg County · NCMedian List$407K-5.3%|Memphis · TNMedian List$209K+4.7%|Mesa · AZMedian List$490K-0.9%|Milwaukee · WIMedian List$243K+5.7%|Multnomah County · ORMedian List$518K-1.2%|Nashville · TNMedian List$480K+1.0%|New York · NYMedian List$899K+0.5%|Oklahoma City · OKMedian List$275K-0.4%|Oklahoma County · OKMedian List$259K-0.7%|Philadelphia · PAMedian List$249K+0.3%|Phoenix · AZMedian List$480K0.0%|Pima County · AZMedian List$373K+0.9%|Portland · ORMedian List$640K-6.0%|Sacramento · CAMedian List$510K+4.0%|San Antonio · TXMedian List$236K-1.2%|San Diego · CAMedian List$994K+4.2%|San Francisco · CAMedian List$1.6M+14.9%|San Jose · CAMedian List$1.3M-11.9%|Santa Clara County · CAMedian List$1.3M+0.1%|Seattle · WAMedian List$874K-2.8%|Shelby County · TNMedian List$259K-2.4%|Suffolk County · MAMedian List$857K+7.3%|Tarrant County · TXMedian List$385K-1.2%|Travis County · TXMedian List$497K-5.3%|Tucson · AZMedian List$324K-0.9%|Wayne County · MIMedian List$160K0.0%|
Property-class scope

The story of this market

The typical home in ZIP 89431 sells for about $404,752, or $278 per square foot.

Prices are up +1.6% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $875 a month.

ZIP market report · consumer edition · quarterly refresh
Track this ZIP

ZIP 89431 — Sparks

Washoe County →refreshed Oct 8, 2026next refresh Nov 7, 2026
Market mood · neutral

The 89431 housing market remains a more affordable alternative within the Sparks area, with a median home value significantly lower than the broader metro average. Market activity is stable, though specific metrics like closed sales and months of supply are not currently published at the ZIP level. Growth is driven by its accessibility and lower entry price point for buyers and renters.

Who this ZIP fits

This ZIP is well-suited for budget-conscious buyers, investors, and renters looking for more affordable housing options compared to the broader Reno-Sparks metro area.

Parent geography
Sparks · no city intel reportWashoe County →Nevada state →
Aerial view · ZIP boundaries2020 Census ZCTA boundary over current aerial imagery
Leaflet Imagery © Esri, Maxar, Earthstar Geographics
Land area · 23.9 km²Water area · 0 km²U.S. Census Bureau TIGERweb — 2020 Census ZCTA5 boundary
Median sale price
$404,752
+1.6% year over year
Divergent · 29.8% from published 2025 series — validation case open, publishes pending verdict
Days on market
45 days
Active listings
102
Sale-to-list ratio
100%
of asking price
ZIP Market ScoreZIP-SCORE-1.3 · 4/4 sections graded
80
Composite · average of graded sections
Computed only from this report's published readings — sections without data are excluded, never estimated.
58
Growth/100

Median prices moved up 1.6% year over year.

71
Liquidity/100

Homes spend a median of 45 days on market with 0.0 months of supply — a fast-moving market.

90
Momentum/100

0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.

100
Safety & stability/100

no recorded foreclosure-ledger notices (0.0 per 10,000 residents) — a stable, low-distress profile.

Market pressure
Market momentum · distress to ascension
Stable · +6
Days on market, year over year-19▲
Pending sales, year over year0.27▲
Share under contract in 2 weeks0.61▲
Sale price, year over year-0.09▼
Months of supply0.75▲
New listings, year over year0.15▼
Inventory, year over year-0.2▲
Housing vacancy rate10.1▼
Sale vs list price (price cuts)-6.93▼
Sale-to-list ratio0.99▼
FHFA ZIP price index, year over year2.91▼
Share sold above list0.29▼
Foreclosure filings per 100 sales0▲
Unemployment rate6.1▼
Median price · ten-year history

Researched annual trajectory for this ZIP, from published historical series

2016201720182019202020212022202320242025202620282030$200,000$400,000$600,000$800,000$1,000,000

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 11.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Property tax · ten-year history

Median annual property tax paid on this ZIP's residential parcels

2016201720182019202020212022202320242025202620282030$1,050$2,100$3,150$4,200$5,250

Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 9.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.

Census trends · population flowsACS 2024 5-year estimates
Population base
39,833

ZCTA 89431, Washoe County NV

Immigration & foreign-bornU.S. Census Bureau ACS · ZIP granular
Foreign-born share
23.6%
Foreign-born residents
9,382
Naturalized (of foreign-born)
35.9%
Non-citizens (of population)
15.1%
Entered 2010 or later (of foreign-born)
29.8%
World region of birth (foreign-born)
Americas
79.5%
Asia
15.8%
Europe
2.9%
Africa
1%
Oceania
0.9%

ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.

Area context
Crime & safety

Crime rates in the Sparks area are generally consistent with regional averages for the Reno-Sparks metropolitan area, with property crime being the primary concern. Local law enforcement maintains active community outreach programs to address neighborhood safety.

Schools & education

The area is served by the Washoe County School District, with local schools including Mitchell Elementary and Sparks Middle and High schools.

Environmental & hazard

The area faces moderate risks related to wildfire smoke during summer months and occasional high-wind events. Flood risk is generally low, though localized drainage management is a standard municipal priority.

Growth & development

The area features a mix of older residential neighborhoods and proximity to the revitalizing downtown Sparks corridor.

Taxation

Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Nevada) — Disabled Veterans Property Tax Exemption: Provides a partial exemption from property taxes based on the veteran's disability rating, which is applied to the assessed value of the property. State (Nevada) — Nevada Property Tax Assessment and Levy: Property tax is calculated using the formula: (Taxable Value * 0.35) * Tax Rate = Total Property Tax. Taxable value is determined by county assessors, and the assessment ratio is fixed at 35% of taxable value.

Transportation & commute

The ZIP offers direct access to major regional corridors, providing a relatively short commute to employment centers in Reno and Sparks.

Recreation & amenities

Residents have access to local parks and the amenities of downtown Sparks, including shopping and dining districts within a short distance.

Rental market

The rental market is characterized by a high share of renter-occupied households, with 2-bedroom units being the most common inventory.

Economy & employers

The local economy is integrated into the broader Reno-Sparks industrial and service sector, with proximity to major regional employers.

Transportation & infrastructure

The area is served by a robust network of arterial roads and is well-integrated into the regional RTC transit system. Proximity to the Reno-Tahoe International Airport provides significant regional connectivity.

Development pipeline

Development planning focuses on high-density residential infill and the modernization of older commercial corridors to support population growth.

County appraisal district

The Washoe County Assessor manages property valuations, utilizing a mass appraisal system that adheres to Nevada state law and tax cap regulations.

Special districts

Parcels are served by the Washoe County School District.

Insurance & hazard market

Property insurance premiums are influenced by regional wildfire risk assessments and the general cost of construction in the high-desert environment.

Migration & population flows

Nevada continues to see positive net domestic migration, largely driven by individuals relocating from California for lower costs of living and business-friendly policies.

Foreclosure doctrine

Nevada is a non-judicial foreclosure state, allowing for a streamlined process that typically requires a notice of default and a subsequent notice of sale.

Disclosure doctrine

Sellers are required to provide a comprehensive real property disclosure form detailing the condition of the property, including known defects and material facts.

Discovery profileACS 2024 5-year estimates
Census profile · ZCTA 89431, Washoe County NV
Population
39,833
Median home value
$365,100
Median household income
$31,679

Data retrieved from Census Reporter profile for ZCTA 89431.

Public schools with an address here · 3

Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.

Mitchell ElementaryElementarynot determinableWashoe County School DistrictServes the local residential population.
Sparks Middle SchoolMiddlenot determinableWashoe County School DistrictServes the local residential population.
Sparks High SchoolHighnot determinableWashoe County School DistrictServes the local residential population.
School districts
Washoe County School DistrictBThe primary district serving the Reno-Sparks metropolitan area with a large student population.
Utilities & services
Electric/GasNV EnergyPrimary provider for the region.
Water/SewerTruckee Meadows Water AuthorityRegional water utility.
InternetCharter Spectrum/AT&TBroadband services widely available.
Major employers & industries
TeslaManufacturingMajor regional employer in the Tahoe-Reno Industrial Center.
PanasonicManufacturingSignificant presence in the regional industrial corridor.
Washoe County School DistrictEducationOne of the largest public employers in the county.
Major amenities · ZIP 89431
Theme, amusement & water parks
18 · 20 mi
Entertainment venues, stadiums & amphitheaters
18 · 20 mi
Family fun & things to do
20+ · 13 mi
Museums, galleries & history
16 · 20 mi
Parks, trails & nature
20+ · 13 mi
Shopping & dining districts
8 · 13 mi
Airports
1 · 31 mi

Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.

Amenities & attractions1 retained amenity · 1 development on the horizon
Inside this ZIP
Downtown Sparks
Shopping/Dining District

The historic and revitalized core of the city featuring local businesses and entertainment.

On the horizon · announced & under construction
Victorian Square RevitalizationMixed-UseOngoingContinued investment in residential and commercial space in the downtown core.
Sources · 5 cited

Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.