Cave Spring, VA Real Estate
According to census data in the year 2000 there were 11,574 housing units in Cave Spring.
This represents a 10.3% growth from 10,492 in 1990.
Of those housing units, 11,574 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cave Spring is about 69.1%.
Cave Spring's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Cave Spring were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 9.10% |
| Two Bedrooms | 25.90% |
| Three Bedrooms | 31.60% |
| Four Bedrooms | 26.40% |
| Five Bedrooms or more | 6% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $132,800 |
| Median Price asked for vacant units | $104,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $585 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 14.70% |
| Simple Mortgage | 46.90% |
| Debt Free | 30.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
