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Cascades, VA
Full City Profile · Virginia · Montgomery County County
3.8
/5.0
B+
Good
12,489
Population
3,385/sq mi density
$166,023
Median Income
$68,265 per capita
$617,100
Home Value
$633,254 Zillow
$2,552
Median Rent
30.4% income on rent
56°F
Avg Temperature
293 sunny days/yr
194
Violent Crime/100K
1,262 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.8 / 5.0
$166,023 median income, 3.1% unemployment
A+
Affordability
4.6 / 5.0
$617,100 home value, $2,552/mo rent
F
Safety
1.0 / 5.0
194 violent crimes/100K
A+
Education
5.0 / 5.0
68.2% bachelor's degree or higher
Housing Overview
Median Home Value
$617,100
119% above
US avg: $281,900
Median Rent
$2,552/mo
119% above
US avg: $1,163/mo
Homeownership Rate
70.0%
7% above US avg (65.4%)
Total Housing Units
4,778
Median year built: 1995
Home Value by Source
Census Median
$617,100
Zillow (ZHVI)
$633,254
Median Sale Price
$602,500
Median List Price
$594,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
70.0%
Owner-Occupied
30.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$2,552/mo
Market Indicators (Redfin)
Median Days on Market
67 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
6
Price Drops
28.6%
of listings with price reduction
Price Per Sq Ft
$315
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
30.4%
of renters spending 30%+ of income on housing
2% below US avg (31.0%)
Median Year Built
1995
Average age of housing stock: 31 years
Homeownership Rate
70.0%
Complete Housing Data
Home Values
| Census Median Value | $617,100 |
| Zillow Home Value (ZHVI) | $633,254 |
| Median Sale Price | $602,500 |
| Median List Price | $594,500 |
| Price Per Sq Ft | $315 |
Rent
| Census Median Rent | $2,552 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
| Days on Market | 67 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 28.6% |
| Homes Sold | 6 |
| Active Inventory | 7 |
| Price Per Sq Ft | $315 |
Ownership & Stock
| Owner-Occupied | 70.0% |
| Renter-Occupied | 30.0% |
| Homeownership Rate | 70.0% |
| Total Housing Units | 4,778 |
| Median Year Built | 1995 |
| Rent Burden | 30.4% |