{
  "schema_version": "1.0",
  "submarket": {
    "slug": "sparks-nv",
    "name": "Sparks",
    "state": "NV",
    "city": "SPARKS",
    "cbsa": "Reno",
    "zip_codes": [
      "89431",
      "89436",
      "89441"
    ]
  },
  "report": {
    "yearmonth": "202604",
    "month_label": "April 2026",
    "first_published_at": "2026-04-19T21:04:31.047Z",
    "last_updated_at": "2026-06-02T12:48:27.076Z"
  },
  "rents": {
    "apartment": {
      "1br": {
        "median": 1461,
        "low": 1403,
        "high": 1519,
        "mom_pct": 7.933076923076923,
        "yoy_pct": 12.012307692307692
      },
      "2br": {
        "median": 1848,
        "low": 1756,
        "high": 1941,
        "mom_pct": -0.011120689655172392,
        "yoy_pct": 5.56353448275862
      },
      "3br": {
        "median": 2620,
        "low": 2476,
        "high": 2764,
        "mom_pct": 5.875416666666666,
        "yoy_pct": 9.538333333333332
      },
      "4br": {
        "median": 3194,
        "low": 3075,
        "high": 3312,
        "mom_pct": -0.03166666666666667,
        "yoy_pct": 5.280833333333333
      }
    },
    "condo_townhome": {
      "1br": {
        "median": 1353,
        "low": 1332,
        "high": 1373,
        "mom_pct": -5.5215,
        "yoy_pct": -2.7990000000000004
      },
      "2br": {
        "median": 1775,
        "low": 1730,
        "high": 1819,
        "mom_pct": -1.9489473684210528,
        "yoy_pct": 2.4226315789473687
      },
      "3br": {
        "median": 2403,
        "low": 2326,
        "high": 2480,
        "mom_pct": 0.42416666666666664,
        "yoy_pct": 3.0508333333333333
      },
      "4br": {
        "median": 3284,
        "low": 3163,
        "high": 3406,
        "mom_pct": 0.278,
        "yoy_pct": 4.019
      }
    },
    "single_family": {
      "1br": {
        "median": 1576,
        "low": 1525,
        "high": 1626,
        "mom_pct": -0.12750000000000003,
        "yoy_pct": 4.882499999999999
      },
      "2br": {
        "median": 1844,
        "low": 1798,
        "high": 1890,
        "mom_pct": -3.9539285714285723,
        "yoy_pct": -2.095
      },
      "3br": {
        "median": 2500,
        "low": 2382,
        "high": 2617,
        "mom_pct": -0.47076923076923055,
        "yoy_pct": 3.5907692307692307
      },
      "4br": {
        "median": 2867,
        "low": 2718,
        "high": 3016,
        "mom_pct": 1.9262000000000001,
        "yoy_pct": 3.7918000000000007
      }
    }
  },
  "vacancy": 4.4205,
  "days_on_market": {
    "apartment": 35,
    "condo_townhome": 33,
    "single_family": 26
  },
  "ai_summary": [
    {
      "headline": "1BR apartments jump 7.9% MoM to $1,461",
      "body": "In the Sparks (89431, 89436, 89441) rental market, 1-bedroom apartments surged 7.9% month-over-month, reaching a median rent of $1,461 in April 2026. This segment also posted 12.0% year-over-year growth, marking it as the fastest-rising apartment category."
    },
    {
      "headline": "2BR condos down 1.9% MoM at $1,775",
      "body": "Rents for 2-bedroom condos in Sparks (89431, 89436, 89441) declined by 1.9% month-over-month, settling at $1,775. Despite this short-term dip, the annual change for this segment was still positive at 2.4% year-over-year."
    },
    {
      "headline": "4BR condos outpace apartments by $90",
      "body": "Higher bedroom segments are competitive, as Sparks (89431, 89436, 89441) rental trends reveal 4-bedroom condos reached a median rent of $3,284, outpacing 4-bedroom apartments by $90. Both saw annual gains, with apartments up 5.3% YoY and condos up 4.0% YoY."
    }
  ],
  "summary": {
    "canonical": [
      "As of April 2026, rental prices in Sparks, NV range from $1,353 to $3,284 per month depending on property type and bedroom count.",
      "The most significant year-over-year change was a 12.01% increase in 1BR apartment rents.",
      "Three-bedroom apartments have a median rent of $2,620, which is $120 higher than single-family homes at $2,500 for the same bedroom count."
    ],
    "qa": [
      {
        "question": "What is the overall rent range in Sparks, NV for April 2026?",
        "answer": "The rent range in Sparks, NV during April 2026 extends from $1,353 for a 1BR condo/townhome to $3,284 for a 4BR condo/townhome."
      },
      {
        "question": "What is the premium gap between apartments and single-family rentals by bedroom count in Sparks, NV?",
        "answer": "For 1BR units in Sparks, NV, apartments rent for $1,461 while single-family homes are $1,576, a $115 premium for single-family; for 3BR units, apartments are $2,620 versus $2,500 for single-family, a $120 premium for apartments."
      },
      {
        "question": "Which segment in the Sparks, NV rental data shows an unusual or outlier number?",
        "answer": "The 7.93% month-over-month rent surge for 1BR apartments is an outlier, marking the largest monthly change across all segments in April 2026."
      },
      {
        "question": "For which bedroom count does a property type dramatically outperform the others in Sparks, NV?",
        "answer": "One-bedroom apartments in Sparks, NV experienced a 12.01% year-over-year increase, while 1BR condos/townhomes rose only 2.42% and single-family homes increased by 4.88%."
      }
    ]
  },
  "history": [
    {
      "yearmonth": "202604",
      "month_label": "April 2026",
      "rents": {
        "apartment": {
          "1br": 1461,
          "2br": 1848,
          "3br": 2620,
          "4br": 3194
        },
        "condo_townhome": {
          "1br": 1353,
          "2br": 1775,
          "3br": 2403,
          "4br": 3284
        },
        "single_family": {
          "1br": 1576,
          "2br": 1844,
          "3br": 2500,
          "4br": 2867
        }
      }
    },
    {
      "yearmonth": "202603",
      "month_label": "March 2026",
      "rents": {
        "apartment": {
          "1br": 1388,
          "2br": 1883,
          "3br": 2474,
          "4br": 3184
        },
        "condo_townhome": {
          "1br": 1440,
          "2br": 1872,
          "3br": 2414,
          "4br": 3284
        },
        "single_family": {
          "1br": 1577,
          "2br": 1947,
          "3br": 2513,
          "4br": 2821
        }
      }
    },
    {
      "yearmonth": "202602",
      "month_label": "February 2026",
      "rents": {
        "apartment": {
          "1br": 1429,
          "2br": 1890,
          "3br": 2483,
          "4br": 3152
        },
        "condo_townhome": {
          "1br": 1401,
          "2br": 1858,
          "3br": 2411,
          "4br": 3304
        },
        "single_family": {
          "1br": 1581,
          "2br": 1943,
          "3br": 2495,
          "4br": 2839
        }
      }
    },
    {
      "yearmonth": "202601",
      "month_label": "January 2026",
      "rents": {
        "apartment": {
          "1br": 1441,
          "2br": 1728,
          "3br": 2498,
          "4br": 3175
        },
        "condo_townhome": {
          "1br": 1505,
          "2br": 1868,
          "3br": 2401,
          "4br": 3298
        },
        "single_family": {
          "1br": 1609,
          "2br": 2049,
          "3br": 2507,
          "4br": 2894
        }
      }
    },
    {
      "yearmonth": "202512",
      "month_label": "December 2025",
      "rents": {
        "apartment": {
          "1br": 1421,
          "2br": 1805,
          "3br": 2524,
          "4br": 3190
        },
        "condo_townhome": {
          "1br": 1525,
          "2br": 1906,
          "3br": 2429,
          "4br": 3331
        },
        "single_family": {
          "1br": 1605,
          "2br": 2000,
          "3br": 2503,
          "4br": 2900
        }
      }
    },
    {
      "yearmonth": "202511",
      "month_label": "November 2025",
      "rents": {
        "apartment": {
          "1br": 1465,
          "2br": 1743,
          "3br": 2552,
          "4br": 3206
        },
        "condo_townhome": {
          "1br": 1517,
          "2br": 1823,
          "3br": 2448,
          "4br": 3343
        },
        "single_family": {
          "1br": 1611,
          "2br": 2015,
          "3br": 2473,
          "4br": 2937
        }
      }
    },
    {
      "yearmonth": "202510",
      "month_label": "October 2025",
      "rents": {
        "apartment": {
          "1br": 1413,
          "2br": 1718,
          "3br": 2538,
          "4br": 3200
        },
        "condo_townhome": {
          "1br": 1499,
          "2br": 1833,
          "3br": 2405,
          "4br": 3333
        },
        "single_family": {
          "1br": 1604,
          "2br": 2051,
          "3br": 2459,
          "4br": 2884
        }
      }
    },
    {
      "yearmonth": "202509",
      "month_label": "September 2025",
      "rents": {
        "apartment": {
          "1br": 1434,
          "2br": 1771,
          "3br": 2542,
          "4br": 3189
        },
        "condo_townhome": {
          "1br": 1496,
          "2br": 1832,
          "3br": 2432,
          "4br": 3311
        },
        "single_family": {
          "1br": 1592,
          "2br": 2022,
          "3br": 2499,
          "4br": 2874
        }
      }
    },
    {
      "yearmonth": "202508",
      "month_label": "August 2025",
      "rents": {
        "apartment": {
          "1br": 1432,
          "2br": 1771,
          "3br": 2486,
          "4br": 3144
        },
        "condo_townhome": {
          "1br": 1506,
          "2br": 1823,
          "3br": 2408,
          "4br": 3276
        },
        "single_family": {
          "1br": 1562,
          "2br": 2061,
          "3br": 2492,
          "4br": 2897
        }
      }
    },
    {
      "yearmonth": "202507",
      "month_label": "July 2025",
      "rents": {
        "apartment": {
          "1br": 1356,
          "2br": 1707,
          "3br": 2458,
          "4br": 3114
        },
        "condo_townhome": {
          "1br": 1472,
          "2br": 1808,
          "3br": 2372,
          "4br": 3236
        },
        "single_family": {
          "1br": 1552,
          "2br": 2015,
          "3br": 2481,
          "4br": 2853
        }
      }
    },
    {
      "yearmonth": "202506",
      "month_label": "June 2025",
      "rents": {
        "apartment": {
          "1br": 1352,
          "2br": 1694,
          "3br": 2391,
          "4br": 3062
        },
        "condo_townhome": {
          "1br": 1449,
          "2br": 1809,
          "3br": 2388,
          "4br": 3201
        },
        "single_family": {
          "1br": 1507,
          "2br": 2015,
          "3br": 2447,
          "4br": 2823
        }
      }
    },
    {
      "yearmonth": "202505",
      "month_label": "May 2025",
      "rents": {
        "apartment": {
          "1br": 1324,
          "2br": 1666,
          "3br": 2411,
          "4br": 3043
        },
        "condo_townhome": {
          "1br": 1437,
          "2br": 1772,
          "3br": 2353,
          "4br": 3171
        },
        "single_family": {
          "1br": 1517,
          "2br": 1999,
          "3br": 2384,
          "4br": 2796
        }
      }
    }
  ],
  "links": {
    "data_page": "https://data.estaite.com/submarkets/sparks-nv/",
    "self": "https://data.estaite.com/feeds/sparks-nv.json"
  },
  "license": "CC BY 4.0",
  "license_url": "https://creativecommons.org/licenses/by/4.0/",
  "attribution": "Data provided by Estaite (https://estaite.com)"
}