ZIP Code 24018 — Cave Spring CDP, VA Demographics & Data

ZIP code 24018 covers Cave Spring, VA in Roanoke County with a population of about 38,835.

At a glance, the area shows median age of 44.2 versus a U.S. median of about 38.9.

It sits in telephone area codes 540, 826; U.S. House district VA-9; the ROANOKE - LYNCHBURG media market.

Cave Spring, VA sits in a university / college context (near galen health institutes-roanoke (2.5 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 24018 is about $90,383 — about 20% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 5.5%; unemployment rate near 2.5%; 53.1% of adults with a bachelor’s degree or higher (about 19.4 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Education, and Finance and insurance; about 15.3% of workers reporting work-from-home (roughly in line with the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $327,600 — about 6% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,057 (about 9% below the U.S. median rent ($1,163)), and owner-occupancy near 73.8% (about 8.4 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 24018 in Cave Spring, VA, a household would need roughly $90,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,104. That is roughly in line with the local median household income ($90,383). Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Cave Spring CDP, VA as Relatively Low (composite score 72.9), which is elevated versus much of the country. The strongest component scores on US5 are flood (84.1) and hurricane (74.6). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Cave Spring CDP, VA show little to no average snow and around 42.8 inches of annual precipitation.

IRS migration statistics show a net inflow of about 2,191 for ZIP 24018 (Cave Spring CDP, VA) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.