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Cave Spring, VA Home Values and Rents
The median home value in Cave Spring is $325,800, 192nd highest of 367 cities and towns in Virginia. Median rent is $1,285 a month.
- Median home value
- $325,800
- 192nd of 367 in VA
- Median rent
- $1,285/mo
- ACS 2020-2024
- Price change, 1 year
- +4.5%
- County index, 2025
- Homeownership
- 69.5%
- VA: 67.3%
Home sale prices in the Roanoke, VA area
Zillow median sale price, Sep 2026
$302,675+8.1% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Roanoke County home price trend
FHFA annual House Price Index for Roanoke County, 2000 = 100, compared with Virginia
Show as a table
| Period | Roanoke County |
|---|---|
| 2025 | 245 |
| 2024 | 234 |
| 2023 | 220 |
| 2022 | 200 |
| 2021 | 175 |
| 2020 | 159 |
| 2019 | 153 |
| 2018 | 147 |
| 2017 | 143 |
| 2016 | 138 |
| 2015 | 135 |
| 2014 | 134 |
| 2013 | 132 |
| 2012 | 132 |
| 2011 | 137 |
Over five years, Roanoke County prices changed +54.0%, compared with +37.3% for Virginia.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 24018 | $348,800 | $1,285 | +4.1% | +53.0% |
Fair Market Rents, FY2027
HUD rent standard for Roanoke, VA HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,186 | +18.1% |
| 1 bedroom | $1,250 | +18.7% |
| 2 bedrooms | $1,464 | +16.7% |
| 3 bedrooms | $2,022 | +16.0% |
| 4 bedrooms | $2,447 | +16.3% |
Frequently asked questions
- What is the median home value in Cave Spring, VA?
- The median home value in Cave Spring is $325,800, based on the American Community Survey 2020-2024 5-year estimates. The Virginia median is $383,700.
- How much is rent in Cave Spring?
- The median rent in Cave Spring is $1,285 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,464.
- Are home prices going up in Cave Spring?
- Home prices in Roanoke County changed +4.5% over one year and +54.0% over five years, as of 2025.
- How does Cave Spring compare with the rest of Virginia?
- Cave Spring has the 192nd highest median home value of 367 cities and towns with 1,000+ residents in Virginia.
- Which ZIP code in Cave Spring has the highest home values?
- ZIP code 24018 has the highest median home value at $348,800.