States › Virginia › Cave Spring

Is Cave Spring, VA expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,6108% lower than U.S. average
💵 Families earn per year (2026)$94,411about $7,868/month · 8% higher than U.S. average
🔑 House price$325,8002% lower than U.S. average

Rent is lower than in 52% of U.S. cities. A typical house costs about 3.5 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $64,400 a year. That is $31 an hour at a full-time job.

Is rent cheaper than other Virginia cities?

Yes. Rent here is cheaper than in most of Virginia. It is number 58 of 199 cities from cheapest to most expensive.

Cave Spring
$1,610
Salem
$1,475
Staunton
$1,366
Cherry Hill
$2,075
Fairfax
$2,551
Herndon
$2,548
Brambleton
$3,500+

How much do households earn in Cave Spring?

Under $25k
11.0%
$25k–50k
19.1%
$50k–100k
37.0%
$100k–150k
18.2%
$150k+
13.2%

Share of households by yearly income. 31.4% of households earn $100,000 or more.

Rent by apartment size in Cave Spring

SizeCave SpringU.S. average
Studio$1,423$1,338
1 bedroom$1,004$1,324
2 bedrooms$1,349$1,509
3 bedrooms$1,691$1,698
4 bedrooms$2,017$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Cave Spring overall?

Everyday prices in Virginia overall are 1% above the U.S. average (index 101.1, U.S. = 100).

Housing
107
Goods (food, clothes…)
100
Utilities
92
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Cave Spring, so the Virginia figure is shown.

Taxes and bills in Cave Spring

🏛️ Property tax$2,646a year · 0.81% of home value · U.S. $3,119
⚡ Electric bill$144a month (typical) · U.S. $156

Life in Cave Spring

Commute to work20 minU.S.: 26.4 min
College degree48.8%U.S.: 35.7%
Own their home69.5%U.S.: 65.2%
Below poverty line5.9%U.S.: 12.5%
Unemployment2.9%U.S.: 5.2%

Is it cheaper to rent or buy in Cave Spring?

Renting is cheaper right now: about $651 a month less.

Renting
$1,610
Owning
$2,261

Owning assumes a typical $325,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $32,580 for the down payment.

Frequently asked questions

What is the average rent in Cave Spring, VA?

Renting in Cave Spring costs a median of about $1,610 a month in 2026, including utilities. The Virginia median is $2,049.

How much do I need to make to live in Cave Spring?

To keep rent under 30% of income, you need about $64,400 a year, or $31 an hour at a full-time job.

Is Cave Spring cheap or expensive?

Cave Spring is rated OK: rent takes 20.5% of the typical household income of $94,411. It ranks 58th cheapest of 199 Virginia cities we track.

How much are property taxes in Cave Spring?

The median homeowner in Cave Spring pays $2,646 a year in property taxes, about 0.81% of the median home value.

Is Cave Spring more expensive than the national average?

Overall prices in Virginia are 1% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Cave Spring?

The median home value in Cave Spring is $325,800, about 3.5 times the typical yearly household income.

25,742 people live in Cave Spring. Numbers are typical (middle) values.