Market Overview
Home Prices in Cave Creek, AZ
The median home value in Cave Creek, AZ is $1,057,746 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.1% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cave Creek are priced158% above average. Cave Creek is part of the Phoenix-Mesa-Chandler, AZ metro area.
Over the past five years, Cave Creek home values have risen by approximately33.6%, reflecting strong long-term appreciation in this market.
Price History
Cave Creek Home Price Trend
City Comparison
Cave Creek vs. National Median
At $1,057,746, homes in Cave Creek cost 158% above the national median of $410,000. Buyers in Cave Creek should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cave Creek?
20% Down Payment
$211,549
on $1,057,746
Monthly P&I
$5,517/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,007/mo
incl. taxes & insurance
Income Needed
$280,280
gross annual (30% rule)
10% Down Option
$105,775
+ PMI applies
Loan Amount (20% dn)
$846,197
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cave Creek, AZ?
The median home value in Cave Creek is $1,057,746 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.1% year-over-year.
How much have home prices changed in Cave Creek?
Over the past year, home values in Cave Creek have increased by 1.1%. Over five years, prices have risen approximately 33.6%.
How much do I need to earn to buy a home in Cave Creek?
To comfortably afford the median home price of $1,057,746 with a 20% down payment ($211,549) at today's rates (6.8%), you'd need a gross annual income of approximately $280,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Cave Creek compare to the national average home price?
The national median home value is approximately $410,000. At $1,057,746, homes in Cave Creek are 158% above the national average.
What metro area is Cave Creek part of?
Cave Creek is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.