Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Cave Spring area can be challenging. Home prices in Cave Spring are now at a median cost of $267,569, lower than the Virginia average of $323,261.
The average cost of rent is $1,291/mo in Cave Spring, primarily driven by the current value of real estate in the Cave Spring area. While nearly 31.62% of residents own their homes outright in Cave Spring, 29.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in Cave Spring is $6,838 per month. Households that rent pay about 18.87% of their income on rent here. Cave Spring's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Roanoke, VA: less expensive homes
- Salem, VA: less expensive homes
- Wabun, VA: less expensive homes
- Bent Mountain, VA: less expensive homes
- Hollins, VA: less expensive homes
- Boones Mill, VA: less expensive homes
- Glenvar, VA: less expensive homes
- Vinton, VA: less expensive homes
- Mason Cove, VA: less expensive homes
- Cloverdale, VA: equally priced homes
Cities with Similar Populations
- Amelia, OH: less expensive homes
- Zeeland, MI: less expensive homes
- York, SC: less expensive homes
- Yelm, WA: higher priced homes
- Wilmette, IL: higher priced homes
- Westport, CT: higher priced homes
- Waynesboro, PA: less expensive homes
- Villalba, PR: less expensive homes
- Verona, WI: higher priced homes
- Bloomsburg, PA: less expensive homes
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