Cave Spring, VA has an impressive housing market with a median value of $253,700, which is much lower than the US median value of $338,100. Additionally, the 1 year house appreciation in Cave Spring is 11.69%, higher than the US average appreciation rate of 8.27%. These numbers demonstrate that Cave Spring has an attractive and growing real estate market for potential buyers and sellers alike.
The median home cost in Cave Spring is $253,700. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Cave Spring is up 17.1%.
Average Age of Homes
- The median age of Cave Spring real estate is 42 years old
The Rental Market in Cave Spring
- Renters make up 32.5% of the Cave Spring population
- 3.0% of houses and apartments in Cave Spring, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.