Cave Creek, AZ

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

Performance indicators for the Cave Creek short-term rental market based on reliable data.

Listings

289 / 606

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$36,103

Middle-Earners Revenue

Occupancy

58%

Middle-Earners Occupancy

Home Value

$1,057,511

Median Home Sale Price

Top Earners

$125,778

Top-Earners Revenue

Cave Creek

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cave Creek.

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B

Generally Investor friendly

Cave Creek Regulations

STRs are permitted citywide with no caps, but investors must secure a state TPT license, county registration, a $50 annual business license, and a $250 per‑property STR permit, and face $1,000 penalties for missed filings—moderate fees and multi‑layered compliance keep the regime friendly but not highly favorable.

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About Cave Creek

Cave Creek is a small town in Maricopa County, Arizona, tucked into the northern foothills of the Sonoran Desert just northwest of Phoenix. With a population of roughly 5,000 to 6,000 residents, it has a distinctly rustic, Old West character that sets it apart from the sprawling suburbs of the Phoenix metro area. The town is best known for its frontier-town main street, its deep ties to ranching and horseback riding, and its proximity to some of the largest stretches of protected desert in the region. It serves as a gateway to the McDowell Sonoran Preserve, the Tonto National Forest, and the high-desert landscapes of the Transition Zone, where saguaro-studded lowlands give way to rugged granite hills. Cave Creek sits about 30 miles north of downtown Phoenix, a drive of roughly 45 minutes via Interstate 17 and Cave Creek Road, and it is closely linked to its neighboring community of Carefree, just to the east.

One of the most popular nearby draws is the McDowell Sonoran Preserve, a vast city of Scottsdale–managed conservation area that protects more than 30,000 acres of Sonoran Desert. Its trailheads near the Cave Creek and Carefree area offer everything from short interpretive loops to strenuous climbs up granite peaks, and several of the main access points lie within about a 10- to 15-minute drive of town. The preserve is a major reason outdoor-oriented visitors choose to base themselves in Cave Creek rather than closer to Phoenix.

Just north of town, the Spur Cross Ranch Conservation Area offers a quieter, more rugged alternative, with about 2,100 acres of desert, riparian cottonwood groves along Cave Creek, and trails that connect into the adjacent Tonto National Forest. It is roughly a 10-minute drive from the center of Cave Creek and is popular with hikers, mountain bikers, and horseback riders.

Cave Creek Regional Park, another Maricopa County property, sits a short drive to the southwest and adds picnic areas, a small lake, and additional trail networks to the mix. Together with the town’s own front-porch Western aesthetic, where saloons, saddle shops, and rodeo grounds sit alongside galleries and restaurants, these natural areas give visitors a way to experience the desert without ever straying far from the metro area.

The combination of genuine small-town character, year-round warm weather, and immediate access to hundreds of thousands of acres of preserved desert makes Cave Creek a natural fit for short-term rentals. Guests can spend the morning on a desert trail, the afternoon browsing a Western-themed downtown, and the evening dining under big desert skies, all while remaining within an easy drive of Phoenix, Scottsdale, and the wider Valley of the Sun.

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