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These days, finding an affordable place to live in the Cave Creek area can be challenging. Home prices in Cave Creek are now at a median cost of $823,676, higher than the Arizona average of $421,436.
The average cost of rent is $2,762/mo in Cave Creek, primarily driven by the current value of real estate in the Cave Creek area. In Cave Creek, 6.65% of households rent, and 29.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cave Creek is $11,667 per month. Households that rent pay about 23.67% of their income on rent here. Cave Creek’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Carefree, AZ: higher priced homes
- New River, AZ: less expensive homes
- Anthem, AZ: less expensive homes
- Rio Verde, AZ: higher priced homes
- Fountain Hills, AZ: less expensive homes
- Peoria, AZ: less expensive homes
- Fort McDowell, AZ: less expensive homes
- Sun City, AZ: less expensive homes
- Alchesay Flat, AZ: less expensive homes
- Sun City West, AZ: less expensive homes
Cities with Similar Populations
- Riverside, NJ: less expensive homes
- Coraopolis, PA: less expensive homes
- Coventry, RI: less expensive homes
- Dade City, FL: less expensive homes
- Helotes, TX: less expensive homes
- Imperial, MO: less expensive homes
- Lake in the Hills, IL: less expensive homes
- Martinez, GA: less expensive homes
- Milford, MA: less expensive homes
- Moultrie, GA: less expensive homes
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