Cave Spring

Population: 26,014
Median household income: $85,314
Median home value: $296,700

Cave Spring, a community in Roanoke County, Virginia, has 26,014 residents. Its median household income of $85,314 runs in line with the Roanoke County figure of $82,931.

From 2019 to 2023, Cave Spring's population held roughly steady from 26,001 to 26,014, while its median home value rose 37.7% from $215,500 to $296,700.

Owners occupy 70.0% of the area's occupied homes. The median resident is 42.3 years old.

Demographics

ACS 2019–2023

Population: 26,014
Median age: 42.3 yrs
Median household income: $85,314
Median home value: $296,700
Median gross rent: $1,224
Housing units: 11,903
Homeownership rate: 70.0%
Bachelor's degree or higher: 50.4%
Unemployment rate: 2.9%

Trends

ACS 5-year · 2019–2023

Population

26,00126,014

Median household income

$64,793$85,314

Median home value

$215,500$296,700

Median gross rent

$992$1,224

Year	Population	Median household income	Median home value	Median gross rent
2019	26,001	$64,793	$215,500	$992
2020	25,193	$68,225	$224,700	$977
2021	25,248	$74,399	$241,100	$1,072
2022	26,013	$83,538	$274,300	$1,176
2023	26,014	$85,314	$296,700	$1,224

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 55.3%

5 to 1715.1%

18 to 248.2%

25 to 3412.5%

35 to 4412.8%

45 to 5413.1%

55 to 6413.8%

65 to 7410.9%

75 and over8.2%

	Count	Share
Under 5	1,380	5.3%
5 to 17	3,929	15.1%
18 to 24	2,139	8.2%
25 to 34	3,251	12.5%
35 to 44	3,336	12.8%
45 to 54	3,415	13.1%
55 to 64	3,590	13.8%
65 to 74	2,844	10.9%
75 and over	2,130	8.2%

Race & ethnicity

	Count	Share
White (non-Hispanic)	21,231	81.6%
Black or African American	979	3.8%
American Indian & Alaska Native	67	0.3%
Asian	1,834	7.1%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	82	0.3%
Two or more races	729	2.8%
Hispanic or Latino (any race)	1,092	4.2%

Educational attainment (age 25+)

No high school diploma4.1%

High school graduate19.4%

Some college or associate's26.1%

Bachelor's degree31.1%

Graduate or professional degree19.3%

	Count	Share
No high school diploma	762	4.1%
High school graduate	3,611	19.4%
Some college or associate's	4,837	26.1%
Bachelor's degree	5,778	31.1%
Graduate or professional degree	3,578	19.3%

Commute to work

Mean travel time to work: 21 min

Drove alone75.3%

Carpooled6.7%

Public transit0.2%

Walked0.9%

Bicycle0.0%

Worked from home16.1%

Other means0.7%

How workers get to work

	Count	Share
Drove alone	10,064	75.3%
Carpooled	902	6.7%
Public transit	32	0.2%
Walked	114	0.9%
Bicycle	0	0.0%
Worked from home	2,158	16.1%
Other means	96	0.7%

Travel time

	Count	Share
Under 15 min	3,351	29.9%
15 to 29 min	5,518	49.2%
30 to 44 min	1,553	13.9%
45 to 59 min	377	3.4%
60+ min	409	3.6%

Households

Average household size: 2.37
Poverty rate: 6.7% (1,739 of 26,000)

	Count	Share
Family households	6,807	62.1%
Nonfamily households	4,160	37.9%

Housing

Median year structure built: 1978

Occupancy

	Count	Share
Occupied	10,967	92.1%
Vacant	936	7.9%

Tenure (of occupied units)

	Count	Share
Owner-occupied	7,678	70.0%
Renter-occupied	3,289	30.0%

1-unit, detached63.5%

1-unit, attached6.0%

2 to 4 units2.5%

5 to 19 units23.0%

20 or more units5.0%

Mobile home & other0.0%

Units in structure

	Count	Share
1-unit, detached	7,560	63.5%
1-unit, attached	715	6.0%
2 to 4 units	295	2.5%
5 to 19 units	2,732	23.0%
20 or more units	601	5.0%
Mobile home & other	0	0.0%

Geography

Place GEOID: 5113720
Type (LSAD): 57
Land area: 12 sq mi
Water area: 0.01 sq mi
Center point: 37.2269, -80.0069