The housing market in 24018 Cave Spring, VA is doing well. The median value of homes in this area is $323,100, which is approximately 5% lower than the US median value of $338,100. However, the one year appreciation rate for homes in Cave Spring is 11.69%, which is higher than the nationwide average of 8.27%. This indicates that housing prices are increasing at a faster pace in Cave Spring compared to the rest of the country. With strong appreciation and good pricing, buying a home in 24018 Cave Spring, VA could be an attractive option for those looking to invest in real estate.
The median home cost in Cave Spring (zip 24018) is $323,100. Home appreciation the last 10 years has been 66.2%. Home Appreciation in Cave Spring (zip 24018) is up 17.1%.
Average Age of Homes
- The median age of Cave Spring (zip 24018) real estate is 40 years old
The Rental Market in Cave Spring (zip 24018)
- Renters make up 28.8% of the Cave Spring (zip 24018) population
- 2.7% of houses and apartments in Cave Spring (zip 24018), 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.