Housing data for Cave Spring, VA
Cave Spring, VA has an estimated 25,742 residents and 11,721 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Roanoke County.
30.5% of households rent.
The median gross rent is $1,285 a month.
Figures last updated on .
- Residents
- 25,742 (±1,147)
- Housing units
- 11,721 (±495)
- Households that rent
- 30.5%
- Median gross rent
- $1,285
- Residents since 2015–2019
- −1.0%
What stands out in Cave Spring
Homes in buildings of 5 or more units: 27.3% (±3.6 points) in Cave Spring, higher than in Roanoke County (14.7%).
Homes heated by fuel oil: 1.3% (±0.7 points) in Cave Spring, lower than in Roanoke County (4.9%).
Households that rent: 30.5% (±3.1 points) in Cave Spring, higher than in Roanoke County (24.3%).
Median home value: $325,800 (±$12,103) in Cave Spring, higher than in Roanoke County ($286,000).
- Types of homes in Cave Spring
- Heating fuel in Cave Spring
- Renters and owners in Cave Spring
- Home values in Cave Spring
Housing in Cave Spring at a glance
- Median rent: $1,285 median gross rent a month
- Rent by bedrooms: $1,282 median gross rent, 2 bedrooms
- Rent burden: 38.6% of renters pay 30% or more of income
- Renters and owners: 30.5% of households rent
- Income and affordability: $87,539 median household income
- Home values: $325,800 median home value
- Homeowner costs: $1,668 median monthly cost with a mortgage
- Property taxes: $2,646 median real estate taxes a year
- Types of homes: 27.3% of homes are in buildings of 5 or more units
- Bedrooms: 68.3% of homes have 3 or more bedrooms
- Age of homes: 57.9% of homes were built before 1980
- Vacancy rate: 8.9% rental vacancy rate
- Heating fuel: 52.1% heat with utility gas
- Commute and cars: 20.0 minutes average trip to work
- Growth: −1.0% residents since 2015–2019
- How long people stay: 24.8% moved in since 2020
- Crowding and facilities: 0.6% of homes have more than 1 person per room
Cave Spring against Roanoke County, its state and the nation
| Cave Spring | Roanoke County | Virginia | United States | |
|---|---|---|---|---|
| Residents | 25,742 (±1,147) | 97,023 (exact) | 8,705,170 (exact) | 334,922,499 |
| Housing units | 11,721 (±495) | 42,331 (±46) | 3,684,756 (±486) | 143,775,355 |
| Households that rent | 30.5% (±3.1 points) | 24.3% (±1.7 points) | 32.7% (±0.3 points) | 34.8% |
| Median gross rent | $1,285 (±$67) | $1,224 (±$52) | $1,579 (±$8) | $1,413 |
| Median household income | $87,539 (±$6,404) | $83,709 (±$2,594) | $93,170 (±$458) | $80,734 |
| Median home value | $325,800 (±$12,103) | $286,000 (±$5,167) | $383,700 (±$1,024) | $332,700 |
| Median real estate taxes (a year) | $2,646 (±$110) | $2,436 (±$65) | $2,790 (±$10) | $3,119 |
| Built before 1980 | 57.9% (±4.9 points) | 54.0% (±2.6 points) | 43.5% (±0.2 points) | 49.7% |
| Average commute | 20.0 minutes (±2.6) | 21.8 minutes (±0.9) | 27.3 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 92.8% (±2.5 points) | 89.5% (±1.4 points) | 91.0% (±0.1 points) | 91.0% |
| Median age of residents | 42.4 years (±1.7) | 43.5 years (±0.4) | 39.0 years (±0.1) | 38.9 years |
Cave Spring covers 11.9 square miles of land, about 2,156 residents per square mile (Census Bureau Gazetteer).
How Cave Spring has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 26,001 (±688) | 25,742 (±1,147) | −1.0% | Not a measurable change |
| Housing units | 12,188 (±241) | 11,721 (±495) | −3.8% | Not a measurable change |
| Median gross rent | $992 (±$53) | $1,285 (±$67) | +29.5% | No measurable change after inflation |
| Median home value | $215,500 (±$6,543) | $325,800 (±$12,103) | +51.2% | Up after inflation |
| Median household income | $64,793 (±$4,359) | $87,539 (±$6,404) | +35.1% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,363 (±$63) | $1,668 (±$64) | +22.4% | No measurable change after inflation |
| Median real estate taxes | $2,098 (±$102) | $2,646 (±$110) | +26.1% | No measurable change after inflation |
| Households that rent | 36.4% (±2.8 points) | 30.5% (±3.1 points) | −5.9 percentage points | Measurable decrease |
| Rental vacancy rate | 6.4% (±3.6 points) | 8.9% (±5.1 points) | +2.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Cave Spring
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 24018 | 28% | 38,720 | $1,285 | $348,800 | $90,885 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Cave Spring
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Roanoke | 4.5 mi | $996 | $190,500 | 47.6% |
| Salem | 4.8 mi | $1,133 | $258,600 | 37.2% |
| Vinton | 7.3 mi | $992 | $190,900 | 41.3% |
| Boones Mill | 8.3 mi | $925 | $208,300 | 19.3% |
| Hollins | 8.6 mi | $1,193 | $244,300 | 35.1% |
| Cloverdale | 11 mi | $921 | $359,900 | 25.5% |
| Laymantown | 12 mi | — | $285,200 | 3.7% |
| Daleville | 14 mi | $1,793 | $370,100 | 28.0% |
Places in Virginia most like Cave Spring
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Hollins | $1,193 | $244,300 | $77,456 | 35.1% |
| Manchester | $1,558 | $317,000 | $80,296 | 40.4% |
| Timberlake | $1,083 | $235,900 | $75,657 | 35.2% |
| Tuckahoe | $1,536 | $462,800 | $102,264 | 36.2% |
| Hampton | $1,427 | $245,700 | $69,621 | 43.1% |
| Salem | $1,133 | $258,600 | $66,725 | 37.2% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Virginia.
HUD Fair Market Rent for Cave Spring, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,186 | $1,250 | $1,464 | $2,022 | $2,447 |
HUD income limits for Cave Spring, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $20,700 | $34,500 | $55,200 |
| 2 people | $23,650 | $39,400 | $63,050 |
| 3 people | $27,320 | $44,350 | $70,950 |
| 4 people | $33,000 | $49,250 | $78,800 |
| 5 people | $38,680 | $53,200 | $85,150 |
| 6 people | $44,360 | $57,150 | $91,450 |
| 7 people | $50,040 | $61,100 | $97,750 |
| 8 people | $55,720 | $65,050 | $104,050 |
These are the limits HUD sets for its housing programs in the Roanoke, VA HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $98,500.
A program can use its own limits; tax-credit and local programs often do.
Cave Spring is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cave Spring
What is the average rent in Cave Spring, VA?
The Census Bureau publishes the median rather than the average: the median gross rent in Cave Spring is $1,285 (±$67) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Cave Spring?
The median gross rent for a one-bedroom home in Cave Spring, VA is $954 (±$117) a month (2020–2024 American Community Survey).
Are renters in Cave Spring rent-burdened?
38.6% of renting households in Cave Spring pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Cave Spring?
Cave Spring has an estimated 3,369 (±351) renting households, 30.5% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Cave Spring?
The median household income in Cave Spring is $87,539 (±$6,404) a year (2020–2024 American Community Survey).
What is the average home value in Cave Spring, VA?
The Census Bureau publishes the median: $325,800 (±$12,103) for owner-occupied homes in Cave Spring (2020–2024 American Community Survey).
Is Cave Spring growing?
In Cave Spring, the number of residents went from 26,001 in 2015–2019 to 25,742 in 2020–2024 (−1.0%), not a measurable change.
What ZIP codes are in Cave Spring?
The ZIP code that covers Cave Spring is 24018.
What is the median rent in ZIP code 24018?
The median gross rent in ZIP Code Tabulation Area 24018 is $1,285 (±$81) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Cave Spring CDP, Virginia
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cave Spring CDP, Virginia
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Cave Spring CDP, Virginia
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Cave Spring CDP, Virginia
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Cave Spring CDP, Virginia
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Cave Spring CDP, Virginia
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Cave Spring CDP, Virginia
- HUD Fair Market Rents, fiscal year 2027: Roanoke, VA HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Roanoke, VA HUD Metro FMR Area
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Cave Spring CDP, Virginia (place:13720, in state:51).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .