Cave Spring, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Cave Spring, Virginia rental market.
Cave Spring, Virginia
Average Apartment Rent
$1,421
Y-o-Y Change in Average
Apartment Rent
4.8%
As of March 2026
Compared to a year ago, Cave Spring, Virginia apartments have recorded a 4.8% rent increase.
Cave Spring, Virginia Average apartment rent trend
Cave Spring, Virginia Average Apartment Rent
Cave Spring, Virginia Apartment rent ranges
At 61.41%, apartments priced $1,000 - $1,500 represent the bulk of Cave Spring, Virginia rentals, while condos priced Under $1,000 hold the lowest share of the market – 9.76%.
Cave Spring, Virginia Housing tenure**
Renters take up 32% of Cave Spring, Virginia real estate, occupying a total of 3,509 units, while homeowners live in 7,408 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$55,793
Average household size of renter-occupied housing units**
2.13
Rental vacancy rate**
10.6%
Cave Spring, Virginia Renter-occupied housing units by no. of bedrooms**
There are 1,842 rentals in Cave Spring, Virginia with 2 beds making up the highest share of the market, at 52%. Units with No bedrooms, on the other hand, hold the lowest percentage (4%), amounting to 143 units. Overall, the median number of rooms in Cave Spring, Virginia homes for rent is 4.2.
Cave Spring, Virginia Renter-occupied units by age of householder**
Most condos for rent in Cave Spring, Virginia are occupied by residents in the 35 - 44 years age group (22%), followed by those in the 25 - 34 years age group (20%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Cave Spring, Virginia Renter-occupied housing units by family type**
Cave Spring, Virginia Renter-occupied housing units by the presence of own children**
A total of 1,481 apartments for rent in Cave Spring, Virginia, or 42% of all rentals are family households. Additionally, 24% of rental homes include children under the age of 18 – that’s 856 units. All in all, the median size of a renter-occupied household in Cave Spring, Virginia is 2.13.
Cave Spring, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 36% of the rental market. In contrast, residents with less than a high school degree reside in 8% of the homes for rent in Cave Spring, Virginia.
Cave Spring, Virginia Renter-occupied units by year structure built**
The highest share of Cave Spring, Virginia apartment rentals, namely 34% or 1,208 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (22%, 787 units), and the ones Built 1980 - 1989 (20%, 694 units).
Cave Spring, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Cave Spring, Virginia renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cave Spring, Virginia condos for rent is 2018.
Cave Spring, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 50% of Cave Spring, Virginia renters have 1 vehicle available per household, 35% of them have 2 vehicles available, and 8% have No vehicle available.
Cave Spring, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Cave Spring, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cave Spring, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
