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There are currently 246 real estate properties in Cave Spring, VA, with a median automated valuation model (AVM) price of $178,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cave Spring, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cave Spring, VA, is $201,138.00, with the most expensive house in Cave Spring, VA, topping out at $718,500.00 and the cheapest home in Cave Spring, VA, clocking in at $73,400.00. In other words, there’s something for every potential homebuyer or savvy investor in Cave Spring, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cave Spring, VA, is on a rollercoaster ride. The average rent price in Cave Spring, VA, is $1,143.00. Indeed, when looking to rent in Cave Spring, VA, you can expect to pay as little as $620.00 or as much as $2,880.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Cave Spring, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cave Spring, VA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cave Spring, VA and much more. Save thousands at closing with home foreclosure listings in Cave Spring, VA — up to 75% off market value!
Cave Spring is located in Roanoke, Virginia, with an estimated municipal population of 26,001 residents. All of the best foreclosed homes for sale in Cave Spring are located in the following zip code areas on Foreclosure.com: 24018. The estimated population per square kilometer (.62 miles) in Cave Spring is 841.
So, about how much do homes cost in Cave Spring? The most recent median value of resident-owned homes in Cave Spring is 215,459. An estimated 63.6 percent of households in Cave Spring own their homes, with an average family size of 2.87. The median household income in Cave Spring is 64,793, with30.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cave Spring, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Cave Spring? If so, the average rent price paid by renters in Cave Spring is 992, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cave Spring, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cave Spring is 42.7, split between 47.3 percent male versus 52.7 female. The percentage of residents who report being married in Cave Spring is 51.4, with an average family size of 2.87.
The percentage of residents who report their race in Cave Spring is as follows:
|Black / African American||7.5%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Cave Spring? Or maybe you are searching for 55+ active adult communities in and/or near Cave Spring?
The percentage of residents who report their age in Cave Spring is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cave Spring with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cave Spring.
How do you know that living in -- or moving to -- Cave Spring is right where you need to be? Perhaps you grew up in Cave Spring or already live nearby; therefore, the decision to buy a home in Cave Spring is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cave Spring for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cave Spring:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cave Spring.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cave Spring can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cave Spring, meanwhile, can field multiple offers from more qualified buyers.
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