Cave Spring, VA Real Estate

According to census data in the year 2000 there were 11,574 housing units in Cave Spring. This represents a 10.3% growth from 10,492 in 1990.

Of those housing units, 11,574 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Cave Spring is about 69.1%. Cave Spring's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 2.26 people.

The majority of houses, apartments or condos in Cave Spring were built after 1974.


Housing Size

Housing Units by Size
Studio Type1%
One Bedroom9.10%
Two Bedrooms25.90%
Three Bedrooms31.60%
Four Bedrooms26.40%
Five Bedrooms or more6%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1972
Median Value of occupied units$132,800
Median Price asked for vacant units$104,600

Rented Homes, Apartments and Condos

Average Household Size1.85
Median year structure was built1977
Median Monthly Rent asked for vacant units$585

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage7.20%
Home Equity Loan14.70%
Simple Mortgage46.90%
Debt Free30.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%