Housing costs in Cave Spring?
A typical home costs
$323,100, which is 4.4% less expensive than the national average of
$338,100 and 5.9% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in Cave Spring costs
$1,120 per month, which is 20.0% cheaper than the national average of
$1,400 and 12.5% more than the state average of
$980.
Can I afford Cave Spring?
To live comfortably in Cave Spring (zip 24018), Virginia, a minimum annual income of
$61,920 for a family, and
$36,400 for a single person is recommended.
What does A.I. say about Cave Spring?
Living costs in Cave Spring, VA (zip code 24018) are relatively affordable compared to other parts of the state. The median home value in the area is $238,900 and the median household income is $85,501. Utilities such as electricity, water, and heat are generally considered low - around 8% lower than the national average. Groceries are also reasonably priced with items averaging at 3% less than the national average. Transportation costs can be slightly higher due to the suburb being outside of major metropolitan areas, but these costs are offset by having no state income tax or sales tax in Virginia. All in all, Cave Spring is an affordable place to live with a high quality of life.