Cave Spring, GA—30124
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cave Spring, GA
As of Oct '25, the median home price in Cave Spring, GA is $243,000, with a year-over-year change of 1.5%. This indicates that home prices in Cave Spring, GA are increasing. According to Zillow, the 1-year price projection is 2.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $243,000 | 1.5% |
| Single Family | $243,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $275,000 | 1.5% |
4 Bed | N/A | N/A |
| 5 Bed | $223,000 | 4.2% |
% of Housing Stock
Rental Trends — Cave Spring, GA
As of July '25, Rentcast reports the average rent in Cave Spring, GA is $1,130, with a year-over-year rent change of 23.8%. Per bedroom, the median rent as of July '25 in Cave Spring, GA is 2-bedrooms: $1,120, 3-bedrooms: $1,150. The most common rental property sizes in Cave Spring, GA are 2-bedroom and 3-bedroom, accounting for 34.4% and 31.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,150 | $1,130 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,150 | $1,120 |
| 3 Bed Rent | $1,150 | $1,150 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cave Spring, GA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cave Spring, GA is 51. This is a decrease of -9.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 43.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 16.0% |
Listing Count | 14 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 51 | -9.0% |
Demographics — Cave Spring, GA
As of the latest ACS Survey released in 2023, Cave Spring, GA has a population of 2,940, which has increased by 1.7% over the past 5 years. Cave Spring, GA is a moderately popular place for families, as children make up 17.1% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,940 | 1.7% |
% Under 18 | 17.1% | -18.6% |
% Seniors | 21.2% | 1.0% |
% WFH | 5.4% | -6.9% |
% w/ College Degree | 19.4% | -2.0% |
As of the latest ACS Survey released in 2023, Cave Spring, GA is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Cave Spring, GA is black, making up 9.3% of the population. Foreign-born residents account for 1.2% of the population in Cave Spring, GA, and this percentage has decreased by 14.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.8% | -4.0% |
% Black | 9.3% | 57.6% |
% Hispanic | 2.3% | -11.5% |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -14.3% |
Mortgage and Risk — Cave Spring, GA
According to HUD data as of 2023, there were 65 mortgage originations in Cave Spring, GA, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Cave Spring, GA. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 65 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Cave Spring, GA
Cave Spring, GA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 10.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $940 |
| 2 Bedroom | $90 | $1,150 | $1,240 |
| 3 Bedroom | $410 | $1,150 | $1,560 |
| 4 Bedroom | N/A | N/A | $1,800 |
Affordability — Cave Spring, GA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $243,000 |
| Median Household Income | $75,400 |