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CITY

Cave Spring

Virginia · 25,742 residents · 11.936 sq mi
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The short version

Cave Spring has roughly average household income, with a median household income of $87,539. Population has held roughly steady since 2000. 49% of adults hold a bachelor's degree or higher. Median home value has more than doubled since 2000, reaching $325,800. Poverty is rare here, at 5.9% of residents.

At a glance
Wealthier
above the US median
US median: $82,259
Older
median age 42.4
US median: 38.9
More educated
49% hold a bachelor's degree
US average: 36%
Less affordable
home values up 37%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
25,742
+3%since 2000
from 24,941 in 2000
1990 – 2024
Population density
2,157 / sq mi
+3%since 2000
from 2,090 / sq mi in 2000
US average: 281
Median age
42.4
+4%since 2000
from 40.9 in 2000
US average: 38.9
Population, 1990 – 2024
24K25K25K26K27K1990201020202024Cave Spring
202426K
1990201020202024
Section 02

Income & economy

Median household income
$87,539
−6%inflation adjusted, since 2000
from $51,182 in 2000
US average: $82,259
1990 – 2024
Per capita income
$49,725
+64%since 2000
from $30,318 in 2000
US average: $44,673
Households earning $100K+
55.7%
+15.8 ptssince 2009
from 39.9% in 2009
US average: 53.3%
Poverty rate
5.9%
+2.7 ptssince 2000
from 3.2% in 2000
US average: 12.5%
Income inequality (Gini)
0.430
+6%since 2010
from 0.407 in 2010
US average: 0.476
Workforce by industry, 2024
Other services10.9%
US avg: 6.7%
Information9.2%
US avg: 10.8%
Public administration7.9%
US avg: 4.8%
Retail trade7.1%
US avg: 9.9%
Finance & insurance6.4%
US avg: 5.9%
Wholesale trade6.3%
US avg: 6.9%
Professional, scientific, technical5.1%
US avg: 5.1%
Transportation & warehousing3.1%
US avg: 2.2%
Education & health services1.3%
US avg: 0.9%
Arts, entertainment, food1.3%
US avg: 1.9%
Agriculture, forestry, fishing0.6%
US avg: 1.6%
Construction0.5%
US avg: 1.2%
Manufacturing0.2%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$325,800
+37%inflation adjusted, since 2000
from $131,000 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$1,285
+13%inflation adjusted, since 2000
from $626 in 2000
US average: $1,442
Owner-occupied
69.5%
−0.1 ptssince 2000
from 69.6% in 2000
30.5% rent
Vacancy rate
5.8%
−0.2 ptssince 2009
from 5.9% in 2009
US average: 10.0%
Owner cost-burdened
15.2%
−0.2 ptssince 2009
from 15.5% in 2009
US average: 22.9%
Renter cost-burdened
37.8%
+3.6 ptssince 2009
from 34.2% in 2009
US average: 47.4%
Afford Score
3.7
+45%since 2000
from 2.6 in 2000
1990 – 2024
Gentrification Score
43
RELATED:See current rent listings in Cave Spring on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic92%(22,957)
Black2.4%(597)
Hispanic / Latino1.5%(376)
Asian2.9%(728)
Other0%
Diversity Score16.4%(4,100)
2024
White, non-Hispanic79.1%(20,363)
Black3.8%(989)
Hispanic / Latino5.6%(1,433)
Asian6.9%(1,767)
Other4.6%(1,190)
Diversity Score45.4%(11,675)
Diversity Score
45
+176%since 2000
from 16 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
48.8%
+7.7 ptssince 2000
from 41.1% in 2000
US average: 35.6%
High school or higher
96.0%
+1.5 ptssince 2000
from 94.4% in 2000
US average: 89.6%
Graduate degree
18.4%
+4.0 ptssince 2000
from 14.4% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
20.0 min
+75%since 2000
from 11.4 min in 2000
US average: 26.5
Drive alone to work
73.1%
−15.0 ptssince 2009
from 88.1% in 2009
US average: 68.9%
Carpooled to work
7.1%
−0.5 ptssince 2009
from 7.6% in 2009
US average: 8.5%
Public transit
0.4%
+0.3 ptssince 2009
from 0.1% in 2009
US average: 3.2%
Worked from home
17.8%
+15.2 ptssince 2009
from 2.6% in 2009
US average: 15.0%
Walked to work
0.5%
−0.7 ptssince 2009
from 1.2% in 2009
US average: 2.4%
Biked to work
0.1%
+0.1 ptssince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
4.2%
+1.6 ptssince 2009
from 2.6% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
2.9%
−2.8 ptssince 2011
from 5.8% in 2011
US average: 5.2%
Labor force participation
66.9%
−2.9 ptssince 2011
from 69.8% in 2011
US average: 63.5%
Self-employed
12.5%
−2.7 ptssince 2009
from 15.2% in 2009
US average: 13.1%
Management & professional
50.4%
−22.9 ptssince 2009
from 73.3% in 2009
US average: 42.5%
Section 08

People & community

Male
49.1%
+0.7 ptssince 2009
from 48.5% in 2009
Female
50.9%
−0.7 ptssince 2009
from 51.5% in 2009
Foreign born
11.3%
+3.8 ptssince 2009
from 7.5% in 2009
US average: 14.1%
Veterans
6.5%
−41.2 ptssince 2009
from 47.6% in 2009
US average: 6.2%
With a disability
12.9%
+3.1 ptssince 2012
from 9.8% in 2012
US average: 13.3%
Uninsured
3.6%
−90.0 ptssince 2013
from 93.6% in 2013
US average: 8.4%
Broadband at home
92.8%
+9.2 ptssince 2017
from 83.6% in 2017
US average: 91.0%
English only at home
85.6%
−4.7 ptssince 2016
from 90.3% in 2016
US average: 77.7%
Spanish at home
4.9%
+2.7 ptssince 2016
from 2.2% in 2016
US average: 13.6%
Drill deeper

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Head to head

Compare Cave Spring to nearby cities

CAVE SPRING VS
Roanoke
Income$55,378−37%
Home value$190,500−42%
Population99,111+285%
SEE FULL COMPARISON →
CAVE SPRING VS
Salem
Income$66,725−24%
Home value$258,600−21%
Population25,816same
SEE FULL COMPARISON →
CAVE SPRING VS
Hollins
Income$77,456−12%
Home value$244,300−25%
Population17,097−34%
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CAVE SPRING VS
Christiansburg
Income$77,147−12%
Home value$252,600−22%
Population22,442−13%
SEE FULL COMPARISON →
Frequently asked

How many people live in Cave Spring, Virginia?

Cave Spring, Virginia has about 25,742 residents according to the 2024 American Community Survey.

What is the median household income in Cave Spring, Virginia?

The typical household in Cave Spring, Virginia earns about $87,539 a year. Half of households make more than that, and half make less.

Is Cave Spring, Virginia expensive?

In Cave Spring, Virginia, the median home is worth about $325,800, and the typical rent is about $1,285 a month.

How educated are people in Cave Spring, Virginia?

About 48.8% of adults age 25 and over in Cave Spring, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Cave Spring, Virginia?

About 5.9% of people in Cave Spring, Virginia live below the federal poverty line.

Has Cave Spring, Virginia grown since 1990?

Yes, Cave Spring, Virginia has grown since 1990. The population has added about 1,689 residents, a change of about 7 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →

Cave Spring, Virginia: demographics, income & housing data · CensusEasy