Cave Spring, VA

Full City Profile · Virginia · Salem city County

4.8 /5.0
A+ Excellent
26,014 Population 2,179/sq mi density
$85,314 Median Income $47,663 per capita
$296,700 Home Value $272,178 Zillow
$1,224 Median Rent 24.4% income on rent
58°F Avg Temperature
A+
Overall
4.8 / 5.0
Strong
A+
Economy
4.6 / 5.0
$85,314 median income, 2.9% unemployment
A+
Affordability
4.7 / 5.0
$296,700 home value, $1,224/mo rent
A+
Education
5.0 / 5.0
50.4% bachelor's degree or higher

Cave Spring, VA

At a Glance

Median Income
$85,314
14% above
$47,663 per capita
Home Value
$296,700
5% above
Zillow: $272,178
Median Rent
$1,224/mo
5% above
24.4% of income on rent
Bachelor's Degree+
50.4%
50% above
95.9% high school+
Unemployment
2.9%
19% below
4.6% poverty rate
Obesity Rate
33.1%
3% above
10.8% smoking rate
Avg Temperature
58°F

How Cave Spring Compares to the U.S. Average

Each bar shows Cave Spring's value as a percentage of the national average (100% = U.S. avg)

Income
114%
Home Value
105%
Rent
105%
Poverty
37%
Bachelor's
150%
Unemployment
81%
Thin vertical line = U.S. national average (100%)

Is Cave Spring a Good Place to Live?

A+
4.8 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Cave Spring residents earn a median household income of $85,314 , which is 14% above the national average of $75,149. Per capita income is $47,663. The unemployment rate stands at 2.9% (19% below the U.S. rate of 3.6%). 4.6% of residents live below the poverty line. The area is home to 1,123 business establishments, including 91 restaurants.

Housing & Cost of Living

The median home value in Cave Spring is $296,700 , 5% above the national median of $281,900. Zillow estimates the typical home at $272,178. Median rent is $1,224/month, with 24.4% of renters spending more than 30% of income on housing. The cost of living index is 101.1 (100 = national average). The median home was built in 1977.

Education

50.4% of adults in Cave Spring hold a bachelor's degree or higher (50% above the national average). 95.9% have completed high school. Local schools score 5.6/10 in standardized testing.

Climate & Weather

Cave Spring has an average annual temperature of 58°F (15°C). Winters average 38°F in January while summers reach 78°F in July. Annual precipitation totals 42.8 inches.

Data Overview

People

Population26,014
Median Age42.3 yrs
Density2,179/mi²
Male / Female48% / 52%
Foreign Born11.1%
Veterans6.9%

Economy

A+
Median Income$85,314
Per Capita$47,663
Unemployment2.9%
Poverty4.6%
Avg Weekly Wage$1,219

Housing

A+
Home Value$296,700
Rent$1,224
Ownership70.0%
Zillow$272,178
Housing Units11,994
Rent Burden24.4%

Health

Obesity33.1%
Diabetes9.0%
Smoking10.8%
Heart Disease4.8%
Premature Death10,541/100K

Climate

Avg Temp58°F
Rain42.8 in/yr
Elevation1,163 ft

Education

A+
Bachelor's+50.4%
High School+95.9%
Graduate+19.7%
School Score5.6/10

Community

2024 VoteR 59% / D 40%
Commute21 min
Broadband91.8%
Internet Speed115 Mbps
EV Stations29
Libraries1

Did You Know?

The median home in Cave Spring was built in 1977.
16.1% work from home.
The nearest airport is Roanoke/Blacksburg Regional (Woodrum Field) (7 miles).
The Gini coefficient (income inequality) is 0.458 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
12.9% of the population has a disability.
11.1% of residents are foreign-born.
Average internet download speed is 115 Mbps.