The median home value in ZIP Code 85331 (Cave Creek, AZ) is $459,100. Approximately 89.4% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 2.0%.
The average occupancy of owner-occupied units in ZIP Code 85331 is 2.53 occupants, while owner-occupied units have an aggregate average size of 3.4 bedrooms per housing unit.
In the 85331 ZIP Code, an estimated 10.6% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 10.0%.
Among renter-occupied units in this ZIP, the average occupancy is 2.71 occupants, while renters in this Maricopa County region spend an average of 0% of their income on housing rental costs.
See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 85331.
| ZIP 85331 | Arizona | U.S. | |
|---|---|---|---|
| Median Home Value | $459,100 | $440,228 | $356,002 |
| Owner-Occupied Housing Units | 89.4% | 64.4% | 64.0% |
| Homeowner Vacancy Rate | 2.0% | 1.9% | 1.6% |
| Average Size of Owner-Occupied Unit | 2.53 | 2.70 | 2.70 |
| Average # of Bedrooms Per Unit | 3.4 | 2.74 | 2.75 |
| Median Housing Rent | $0 | $1,052 | $1,062 |
| Renter-Occupied Housing Units | 10.6% | 35.6% | 36.0% |
| Rental Vacancy Rate | 10.0% | 6.2% | 6.0% |
| Average Size of Renter-Occupied Unit | 2.71 | 2.65 | 2.49 |
| Percent of Income Spent on Rent | 0% | 29.54% | 29.83% |
The median home value in ZIP Code 85331 is $459,100. That median value is about 104% higher than the median home value of $225,500 in Arizona overall, and is 111% higher than the $217,500 the median home value in the entire U.S. An estimated 43.5% of homes in ZIP Code 85331 are valued $300,000 to $499,999. That is 101% higher than in the stat of Arizona, in which 21.6% of homes are valued at $300,000 to $499,999, and is about 125% higher than in the U.S. overall (19.3% of homes valued at $300,000 to $499,999). The home value range that the smallest portion of ZIP Code 85331 homes fall into is $50,000 to $99,999 (0.7% of homes).
This chart visualizes the breakdown of home values in ZIP Code 85331, Arizona, and also in the U.S. overall.
See the table below for a regional comparison of home values in ZIP Code 85331.
| Home Value | ZIP 85331 | Arizona | U.S. |
|---|---|---|---|
| Less than $50,000 | 1.7% | 7.6% | 6.9% |
| $50,000 to $99,999 | 0.7% | 8.1% | 12.0% |
| $100,000 to $149,999 | 1.3% | 11.3% | 13.3% |
| $150,000 to $199,999 | 1.8% | 15.8% | 14.0% |
| $200,000 to $299,999 | 10.1% | 25.5% | 19.6% |
| $300,000 to $499,999 | 43.5% | 21.6% | 19.3% |
| $500,000 to $999,999 | 38.1% | 8.3% | 11.4% |
| $1,000,000 or more | 2.8% | 1.8% | 3.4% |
Approximately 43.8% of homes in this Cave Creek, AZ region were built in 1990 to 1999. This amount of homes built in 1990 to 1999 in ZIP Code 85331 is about 118% higher than percentage of homes built in this time period in Arizona overall (20.1% of homes), and is 215% higher the percentage (13.9% of homes) in the U.S. as a whole. Additionally, an esimated 23.5% of local homes were built in 2000 to 2009. On the other end of the scale, just 0.2% of homes in this Maricopa County ZIP Code were built in 1940 to 1949 in ZIP Code 85331. In comparison, 1.4% of homes in Arizona overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.
A detailed regional comparison of home ages in ZIP Code 85331.
| Year Built | ZIP 85331 | Arizona | U.S. |
|---|---|---|---|
| 2014 or later | 5.7% | 2.9% | 2.5% |
| 2010 to 2013 | 4.7% | 2.9% | 2.7% |
| 2000 to 2009 | 23.5% | 24.0% | 14.0% |
| 1990 to 1999 | 43.8% | 20.1% | 13.9% |
| 1980 to 1989 | 10.6% | 17.7% | 13.4% |
| 1970 to 1979 | 8.5% | 16.7% | 15.2% |
| 1960 to 1969 | 2.1% | 7.4% | 10.6% |
| 1950 to 1959 | 0.7% | 5.4% | 10.3% |
| 1940 to 1949 | 0.2% | 1.4% | 4.9% |
| 1939 or earlier | 0.3% | 1.5% | 12.6% |
See the chart below for details on the age of homes in ZIP Code 85331, Arizona, and also in the U.S. overall. Data here refers to years that homes were built.
Frequently asked questions about housing in this Cave Creek, AZ ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 85331.
