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If you are in the market for a home in the Cave Spring Virginia area, there are a few things that you should know before you start your search. The first is that homes in this area range widely in price, depending on their location and size. You can find homes for sale in Cave Spring Virginia for as little as $50,000 or as much as $1 million. It all depends on what you are looking for in a home.

History

Cave Spring Virginia is a small town located in the southwestern part of the state. The town was named after a large spring that flows from the limestone caves located nearby. The town is home to about 25,193 residents and is part of the Roanoke Metropolitan Statistical Area.

The town has a rich history dating back to the early 1800s when it was founded by settlers from Pennsylvania and Virginia. The town was originally known as “The Caves” because of the large limestone caves located nearby. The town was renamed to Cave Spring in 1854.

Climate

Cave Spring Virginia has a temperate climate with four distinct seasons. The average high temperature in the summer is in the low 90s and the average low temperature in the winter is in the mid-30s. The town receives an average of 43 inches of precipitation per year.

Location

Cave Spring Virginia is located in the southwestern part of the state, about 20 miles northwest of Roanoke. The town is situated along Interstate 81, which makes it easy to get around.

Transportation

Cave Spring Virginia is served by the Roanoke Regional Airport, which is located about 20 miles away in Roanoke. There are also a number of bus and train lines that run through the town.

Economy

The economy of Cave Spring Virginia is primarily driven by tourism. The town is home to a number of historical attractions, including the Natural Bridge of Virginia, which is one of the oldest man-made tourist attractions in the United States. The town is also home to a number of wineries and breweries.

Parks

Cave Spring Virginia is home to a number of parks, including the Cave Spring recreation area, which offers a variety of recreational activities, such as hiking, camping, fishing, and picnicking. The town is also home to the Booker T. Washington National Monument, which is a former plantation that was owned by the famous African American educator and author.

Nightlife

Cave Spring Virginia has a number of nightlife options, including a number of bars and restaurants. There are also a number of live music venues in the town.

Real Estate Market

The real estate market in Cave Spring Virginia is very strong. Homes in the town appreciate at an average rate of 5% per year. The median home price in the town is $234,900.

How to Choose a House for Investment

If you are looking for an investment property in Cave Spring Virginia, there are a few things that you should keep in mind. The first is that location is key. You will want to choose a property that is located in a desirable area of town. The second is that you will want to choose a property that is a good value. You can find homes for sale in Cave Spring Virginia for as little as $50,000 or as much as $1 million. It all depends on what you are looking for in a home.

Conclusion

Cave Spring Virginia is a great place to live. The town has a rich history and is home to a number of historical attractions. The town is also a great place to raise a family. If you are looking for an investment property, the real estate market is very strong. Homes in the town appreciate at an average rate of 5% per year.