Cave Spring CDP
Virginia
Nestled in the heart of Virginia, Cave Spring offers a compelling blend of small-town charm and big-city convenience, making it a hidden gem for those seeking a balanced lifestyle. With a population of just over 26,000, this community exudes a friendly, close-knit atmosphere, perfect for families and individuals alike. One of the most attractive features of Cave Spring is its affordability; the median home value sits at a comfortable $274,300, significantly below the national average. This, coupled with a median household income of $83,538, well above the national median, allows residents to enjoy a comfortable standard of living without breaking the bank. Imagine spending your weekends exploring the nearby Blue Ridge Mountains or enjoying a leisurely afternoon at one of the local parks, all while knowing that your cost of living is manageable.
From an investment perspective, Cave Spring presents a stable and promising housing market. The area boasts a robust economy, with local employment opportunities and access to nearby Roanoke. The low crime rates contribute to a sense of security, making it an ideal environment for raising a family. Cave Spring is particularly well-suited for those seeking a slower pace of life without sacrificing access to modern amenities and opportunities. The combination of affordability, safety, and a strong sense of community makes Cave Spring an excellent choice for first-time homebuyers, young families, and anyone looking to escape the hustle and bustle of larger cities while still enjoying a high quality of life.
Cave Spring CDP, Virginia at a Glance
Cave Spring CDP is a neighborhood in Virginia with a population of approximately 26,013. The median home value is $274,300 and the median household income is $83,538. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,267 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$274,300
Median Income
$83,538
Population
26,013
Walk Score
0
Air Quality
AQI 40
Good
Climate Risk
Relatively Moderate
Good
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- Population
- 26,013
- Median Age
- N/A
- Median Household Income
- $83,538
12% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 7.6%
39% below nat'l avg
- Median Home Value
- $274,300
3% below nat'l avg
- Median Rent
- $1,267
9% above nat'l avg
- Homeownership Rate
- 80.0%
21% above nat'l avg
- Affordability Index
- 98
Near nat'l avg
- Violent Crime Rate
- 1.4 per 1K
61% below nat'l avg
- Property Crime Rate
- 5.8 per 1K
69% below nat'l avg
- AQI
- 40
5% below nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 71.58
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 13.4¢/kWh
19% below nat'l avg
- Est. Monthly Electric
- $121
12% below nat'l avg
- Unemployment Rate
- 2.7%
27% below nat'l avg
- Poverty Rate
- 7.6%
39% below nat'l avg
Weather & Climate in Cave Spring CDP
Avg High
70°F
Avg Low
50°F
Annual Rainfall
37.3"
Avg Humidity
67%
Political Landscape
→ Politically stable
Based on Fluvanna County county-level presidential election data
Culture & Things to Do in Cave Spring CDP
Roanoke Greek Festival
A celebration of Greek culture with food, music, and dance.
Festival in the Park
An annual arts and crafts festival held in Elmwood Park.
Local Farmers Markets
Various farmers markets throughout the year offering local produce and goods.
Strawberry Festival
A springtime festival featuring strawberries, crafts, and live music.