Cave Spring, VA
Population 26,014 · Virginia
About Cave Spring, VA
Cave Spring is a mid-sized city located in Virginia with a population of 26,014 residents according to the latest US Census Bureau American Community Survey data. The median household income is $85,314 per year, which is 14% above the national median of $75,149. The median age of 42.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Cave Spring features a median home value of $296,700, which is 21% above the national median of $244,900. This positions Cave Spring in a moderately priced market relative to the rest of the country. Median monthly rent is $1,224, 5% above the national average of $1,163/month. Of the 11,903 total housing units, 70% are owner-occupied (7,678 units) and 30% are renter-occupied (3,289 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Cave Spring shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Cave Spring have an average one-way commute time of 20.6 minutes.
Education & Demographics
50.4% of Cave Spring residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.0% White, 0.9% Hispanic or Latino, 1.5% Black or African American, and 1.7% Asian residents, with 11.1% of the population being foreign-born.
How Cave Spring Ranks in Virginia
Cost of Living in Cave Spring, VA
Compared to national averages, Cave Spring has a median household income of $85,314 (14% above the national median of $75,149). Home values average $296,700, which is 21% above the national median. Monthly rent at $1,224 is 5% above the US average of $1,163. Within Virginia, Cave Spring's income is 3% below the state average of $87,957, and home values are 9% below the state median of $327,514.
Why Live in Cave Spring, VA?
Cave Spring offers a strong local economy with a median household income of $85,314, well above the national average, and a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 50.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.7%, better than the national average, and short commute times averaging just 20.6 minutes.
Cave Spring has a population of 26,014 with a median age of 42.3 years. Compare Cave Spring with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Cave Spring
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Staunton | 25,765 | $62,586 | $239,300 | Compare |
| Salem | 25,477 | $66,716 | $244,800 | Compare |
| Bailey's Crossroads | 25,458 | $84,241 | $398,200 | Compare |
| Herndon | 24,529 | $141,418 | $568,700 | Compare |
| Fairfax | 24,478 | $132,774 | $677,400 | Compare |
| Winchester | 27,981 | $64,648 | $325,900 | Compare |
| Tysons | 28,022 | $129,189 | $640,500 | Compare |
| Brambleton | 23,999 | $250,001 | $833,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Cave Spring With Other Cities
Frequently Asked Questions about Cave Spring
What is the population of Cave Spring, VA?
The population of Cave Spring, VA is 26,014 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Virginia.
What is the median household income in Cave Spring?
The median household income in Cave Spring, VA is $85,314 per year, which is 14% above the national median of $75,149.
What is the median home value in Cave Spring?
The median home value in Cave Spring, VA is $296,700, which is 21% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Cave Spring?
The median monthly rent in Cave Spring, VA is $1,224, which is 5% above the national average of $1,163/month.
What is the unemployment rate in Cave Spring?
The unemployment rate in Cave Spring, VA is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Cave Spring, VA a good place to live?
Cave Spring offers above-average incomes, a competitive housing market, and a strong job market. With a population of 26,014 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Cave Spring, VA?
50.4% of residents in Cave Spring aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Cave Spring?
Key cost-of-living indicators for Cave Spring, VA: median home value is $296,700 (21% above national), median rent is $1,224/month, and median household income is $85,314. The home-value-to-income ratio is 3.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Cave Spring?
The poverty rate in Cave Spring, VA is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Cave Spring, VA?
Cave Spring's population is 1.0% White, 0.9% Hispanic or Latino, 1.5% Black or African American, 1.7% Asian, and 3.8% two or more races. 11.1% of residents are foreign-born.