diff --git a/homeassistant/components/zwave/node_entity.py b/homeassistant/components/zwave/node_entity.py
index 66c3452f7c8..44241e91daf 100644
--- a/homeassistant/components/zwave/node_entity.py
+++ b/homeassistant/components/zwave/node_entity.py
@@ -17,6 +17,7 @@ from .const import (
     EVENT_NODE_EVENT,
     EVENT_SCENE_ACTIVATED,
     COMMAND_CLASS_CENTRAL_SCENE,
+    COMMAND_CLASS_VERSION,
     DOMAIN,
 )
 from .util import node_name, is_node_parsed, node_device_id_and_name
@@ -30,6 +31,7 @@ ATTR_FAILED = "is_failed"
 ATTR_PRODUCT_NAME = "product_name"
 ATTR_MANUFACTURER_NAME = "manufacturer_name"
 ATTR_NODE_NAME = "node_name"
+ATTR_APPLICATION_VERSION = "application_version"
 
 STAGE_COMPLETE = "Complete"
 
@@ -130,10 +132,14 @@ class ZWaveNodeEntity(ZWaveBaseEntity):
         self._product_name = node.product_name
         self._manufacturer_name = node.manufacturer_name
         self._unique_id = self._compute_unique_id()
+        self._application_version = None
         self._attributes = {}
         self.wakeup_interval = None
         self.location = None
         self.battery_level = None
+        dispatcher.connect(
+            self.network_node_value_added, ZWaveNetwork.SIGNAL_VALUE_ADDED
+        )
         dispatcher.connect(self.network_node_changed, ZWaveNetwork.SIGNAL_VALUE_CHANGED)
         dispatcher.connect(self.network_node_changed, ZWaveNetwork.SIGNAL_NODE)
         dispatcher.connect(self.network_node_changed, ZWaveNetwork.SIGNAL_NOTIFICATION)
@@ -161,6 +167,24 @@ class ZWaveNodeEntity(ZWaveBaseEntity):
             info["via_device"] = (DOMAIN, 1)
         return info
 
+    def maybe_update_application_version(self, value):
+        """Update application version if value is a Command Class Version, Application Value."""
+        if (
+            value
+            and value.command_class == COMMAND_CLASS_VERSION
+            and value.label == "Application Version"
+        ):
+            self._application_version = value.data
+
+    def network_node_value_added(self, node=None, value=None, args=None):
+        """Handle a added value to a none on the network."""
+        if node and node.node_id != self.node_id:
+            return
+        if args is not None and "nodeId" in args and args["nodeId"] != self.node_id:
+            return
+
+        self.maybe_update_application_version(value)
+
     def network_node_changed(self, node=None, value=None, args=None):
         """Handle a changed node on the network."""
         if node and node.node_id != self.node_id:
@@ -172,6 +196,8 @@ class ZWaveNodeEntity(ZWaveBaseEntity):
         if value is not None and value.command_class == COMMAND_CLASS_CENTRAL_SCENE:
             self.central_scene_activated(value.index, value.data)
 
+        self.maybe_update_application_version(value)
+
         self.node_changed()
 
     def get_node_statistics(self):
@@ -343,6 +369,8 @@ class ZWaveNodeEntity(ZWaveBaseEntity):
             attrs[ATTR_BATTERY_LEVEL] = self.battery_level
         if self.wakeup_interval is not None:
             attrs[ATTR_WAKEUP] = self.wakeup_interval
+        if self._application_version is not None:
+            attrs[ATTR_APPLICATION_VERSION] = self._application_version
 
         return attrs
 
diff --git a/tests/components/zwave/test_node_entity.py b/tests/components/zwave/test_node_entity.py
index 1e5ec615088..dba187d7b96 100644
--- a/tests/components/zwave/test_node_entity.py
+++ b/tests/components/zwave/test_node_entity.py
@@ -164,6 +164,73 @@ async def test_central_scene_activated(hass, mock_openzwave):
     assert events[0].data[const.ATTR_SCENE_DATA] == scene_data
 
 
+async def test_application_version(hass, mock_openzwave):
+    """Test application version."""
+    mock_receivers = {}
+
+    signal_mocks = [
+        mock_zwave.MockNetwork.SIGNAL_VALUE_CHANGED,
+        mock_zwave.MockNetwork.SIGNAL_VALUE_ADDED,
+    ]
+
+    def mock_connect(receiver, signal, *args, **kwargs):
+        if signal in signal_mocks:
+            mock_receivers[signal] = receiver
+
+    node = mock_zwave.MockNode(node_id=11)
+
+    with patch("pydispatch.dispatcher.connect", new=mock_connect):
+        entity = node_entity.ZWaveNodeEntity(node, mock_openzwave)
+
+    for signal_mock in signal_mocks:
+        assert signal_mock in mock_receivers.keys()
+
+    events = []
+
+    def listener(event):
+        events.append(event)
+
+    # Make sure application version isn't set before
+    assert (
+        node_entity.ATTR_APPLICATION_VERSION
+        not in entity.device_state_attributes.keys()
+    )
+
+    # Add entity to hass
+    entity.hass = hass
+    entity.entity_id = "zwave.mock_node"
+
+    # Fire off an added value
+    value = mock_zwave.MockValue(
+        command_class=const.COMMAND_CLASS_VERSION,
+        label="Application Version",
+        data="5.10",
+    )
+    hass.async_add_job(
+        mock_receivers[mock_zwave.MockNetwork.SIGNAL_VALUE_ADDED], node, value
+    )
+    await hass.async_block_till_done()
+
+    assert (
+        entity.device_state_attributes[node_entity.ATTR_APPLICATION_VERSION] == "5.10"
+    )
+
+    # Fire off a changed
+    value = mock_zwave.MockValue(
+        command_class=const.COMMAND_CLASS_VERSION,
+        label="Application Version",
+        data="4.14",
+    )
+    hass.async_add_job(
+        mock_receivers[mock_zwave.MockNetwork.SIGNAL_VALUE_CHANGED], node, value
+    )
+    await hass.async_block_till_done()
+
+    assert (
+        entity.device_state_attributes[node_entity.ATTR_APPLICATION_VERSION] == "4.14"
+    )
+
+
 @pytest.mark.usefixtures("mock_openzwave")
 class TestZWaveNodeEntity(unittest.TestCase):
     """Class to test ZWaveNodeEntity."""