According to statistics, the population in Cave Creek, AZ amounts to 5,423, which shows growth 3% compared to the previous year. The median age of the city’s residents is 58. The average household income is $91,500, shifting growth 11% from the past year, and the average property value in Cave Creek, AZ growth 3% to $466,600 throughout the year.
|Number Of Employees||2,473|
|Median Property Value||$466,600|
The average household income in Cave Creek, AZ grew from $82,095 to $91,500 in the past year. This data is an estimate based upon 2,458 households in Cave Creek, AZ . The chart below presents how household income is distributed in Cave Creek, AZ in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Cave Creek, AZ shifted from $453,300 to $466,600 throughout the year. The subsequent graph indicates the share of properties in the given price range in Cave Creek, AZ in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Cave Creek, AZ properties falls in the '$500,000 to $749,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Cave Creek, AZ compared to median property taxes around the country. The prevalent amount of property taxes in Cave Creek, AZ equals $1150, which is less than the national average.
|Apartment Size||Jul||vs Last Month|
|1 bed for sale||$114,000||-61.3%|
|2 bed for sale||$602,723||N/A|
|3 bed for sale||$958,558||+10.7%|
|4+ bed for sale||$983,891||-26.3%|
During Jul 2022, the average price for an apartment in/near Cave Creek, AZ decreased by 20.6% to $918,131.
After collecting all data points, we now see that the average price for 1-bed apartment decreased by 61.3% to $114,000. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $602,723. A 3-bed apartment goes for $958,558, it increased by 10.7% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 26.3% and made it down to $983,891.
|Listing Type||Jul||vs Last Month|
|Houses for sale||$1,044,035||-13.8%|
|Land for sale||$330,590||-61%|
|Condos for sale||$547,995||-26.8%|
|Apartments for sale||$365,500||+24%|
|Townhouses for sale||$679,933||N/A|
The average cost of an apartment in Cave Creek, AZ rised by 24% to $365,500. Price reports demonstrate that house price decreased by 13.8% this month making it up to $1,044,035. Condos faced an upward trend these days. The median price for a condo decreased by 26.8%, it’s now available for $547,995. Value of the townhouses didn’t change, the price still starts at $679,933.