There are currently 12,997 real estate properties in Cave Creek, AZ, with a median automated valuation model (AVM) price of $648,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cave Creek, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cave Creek, AZ, is $683,502.00, with the most expensive house in Cave Creek, AZ, topping out at $5,885,000.00 and the cheapest home in Cave Creek, AZ, clocking in at $31,536.00. In other words, there’s something for every potential homebuyer or savvy investor in Cave Creek, AZ!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cave Creek, AZ, is on a rollercoaster ride. The average rent price in Cave Creek, AZ, is $2,502.00. Indeed, when looking to rent in Cave Creek, AZ, you can expect to pay as little as $850.00 or as much as $5,780.00, with the average rent median estimated to be $2,360.00. The good news is that finding an affordable and desirable property to rent in Cave Creek, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cave Creek, AZ area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cave Creek, AZ and much more. Save thousands at closing with home foreclosure listings in Cave Creek, AZ — up to 75% off market value!
Cave Creek is located in Maricopa, Arizona, with an estimated municipal population of 5,838 residents. All of the best foreclosed homes for sale in Cave Creek are located in the following zip code areas on Foreclosure.com: 85087 85331 85327. The estimated population per square kilometer (.62 miles) in Cave Creek is 59.
So, about how much do homes cost in Cave Creek? The most recent median value of resident-owned homes in Cave Creek is 474,483. An estimated 89 percent of households in Cave Creek own their homes, with an average family size of 2.57. The median household income in Cave Creek is 83,787, with42.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cave Creek, the median commute time of resident workers (in minutes) is 28. And last, but certainly not least, are you looking for homes to rent in Cave Creek? If so, the average rent price paid by renters in Cave Creek is 1,335, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cave Creek, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Cave Creek is 61.4, split between 45.9 percent male versus 54.1 female. The percentage of residents who report being married in Cave Creek is 56, with an average family size of 2.57.
The percentage of residents who report their race in Cave Creek is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||2.3%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Cave Creek? Or maybe you are searching for 55+ active adult communities in and/or near Cave Creek?
The percentage of residents who report their age in Cave Creek is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cave Creek with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cave Creek.
How do you know that living in -- or moving to -- Cave Creek is right where you need to be? Perhaps you grew up in Cave Creek or already live nearby; therefore, the decision to buy a home in Cave Creek is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cave Creek for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cave Creek:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cave Creek.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cave Creek can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cave Creek, meanwhile, can field multiple offers from more qualified buyers.
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