Maricopa County · Arizona · No. 123 of 152

85331

Carefree / Cave Creek

33.8789° N · 111.9127° W

182 homes for sale across Dove Valley Ranch, Rancho Mañana, and 1 more, Carefree / Cave Creek.

182

For Sale

$994K

Median List

3

Communities

31,968

Residents

85024850508508685255852628526685377

Phoenix Zip Code Atlas

Yong Choi · Russ Lyon Sotheby’s

Neighborhood Data

85331 by the numbers.

Vibrant wildflowers and rugged mountains under a bright sky in Arizona, USA — Carefree / Cave Creek, ZIP 85331

31,968

Population

ACS 5-year estimate

Night view of illuminated bridge reflecting light in water, located in Tempe, Arizona

$742K

Median Home Value

ACS estimate · 1.7× metro

Infinity pool overlooking Arizona mountains at a modern Scottsdale hotel

$129K

Median Income

1.5× the metro median

Dramatic sunset lighting on Superstition Mountains in Arizona, featuring rugged rock formations and desert cacti — Carefree / Cave Creek, ZIP 85331

52.5

Median Age

1.4× the metro median

Bright blooming cacti captured in Phoenix, showcasing desert flora beauty

$560K–$1.39M

Closing Range

10th–90th percentile

Five-year trend · by quarter

Data currency · auto

Reflects closings through July 2026.

Closed sales take time to record, so recent quarters can still shift. Read the most recent quarter as a direction, not a final number.

Against the metro

The median home value in 85331 is $742K, which is 74% above the Phoenix-metro ZIP median of $425K and ranks #11 of 148 ZIP codes in the metro by home value. It sits in Carefree / Cave Creek and covers communities including Dove Valley Ranch, Rancho Mañana, Tatum Ranch.

ZIPAreaMedian valuevs 85331
85377Carefree / Cave Creek$1.08M+45%
85262North Scottsdale$1.29M+74%
85266North Scottsdale$1.13M+52%

Population Growth · 20102024

+18.6%

2010201520202024

Sources: U.S. Census Bureau — 2010 & 2020 Decennial Census; ACS 5-year 2011–2024 · Census ZCTA land area · ARMLS closings through July 2026.“Metro median” comparisons are against the median of Maricopa County ZIP medians. ACS figures are rolling 5-year estimates; ZCTA boundaries were revised in 2020. Closed sales take time to record, so recent quarters can still shift.

ZIP code 85331 is a postal area in the Carefree and Cave Creek area, Maricopa County, Arizona, covering 112.38 square miles with a population of 31,968 — about 284 people per square mile. It borders 85024, 85050, 85086, 85255, 85262, 85266, and 85377, and includes the communities of Dove Valley Ranch, Rancho Mañana, and Tatum Ranch.

Buying in 85331 means a median home value of $742K — well above the Maricopa metro median, in the heart of Carefree / Cave Creek. Sellers here compete on address: Dove Valley Ranch, Rancho Mañana, Tatum Ranch all carry their own buyer pools. Population is up 19% since 2010 — demand pressure that shows in pricing.

Boulder-strewn high-desert lots, casual luxury, and the Valley’s longest-established artistic enclave.

On the Market

Homes for sale in 85331.

Every active listing in ZIP code 85331, Carefree / Cave Creek, pinned on the map and listed below.

Each pin links to its listing. ZIP 85331 is highlighted — click a neighboring ZIP once to preview it, again to open its page.

Show 170 more listings in 85331 (182 total)

Communities in 85331

Dove Valley Ranch · Rancho Mañana · Tatum Ranch

In ZIP 85331

Local favorites.

Golf

  • Dove Valley Ranch Golf Club — Sports Club · 33750 N Dove Lakes Dr, Cave Creek

    Dove Valley Ranch Golf Club

    4.3483

    Sports Club · 33750 N Dove Lakes Dr, Cave Creek

  • Rancho Manana Golf Club — Sports Club · 5734 E Rancho Manana Blvd, Cave Creek

    Rancho Manana Golf Club

    4.3578

    Sports Club · 5734 E Rancho Manana Blvd, Cave Creek

  • Wildfire Golf Club — Sports Club · 5350 E Marriott Dr, Phoenix

    Wildfire Golf Club

    4.3173

    Sports Club · 5350 E Marriott Dr, Phoenix

Schools

  • Horseshoe Trails Elementary School

    Elementary School · 5405 E Pinnacle Vista Dr, Phoenix

  • Lone Mountain Elementary School

    Elementary School · 5250 E Montgomery Rd, Cave Creek

  • Black Mountain Elementary School — Elementary School · 33606 N 60th St, Scottsdale

    Black Mountain Elementary School

    Elementary School · 33606 N 60th St, Scottsdale

Essentials

  • Safeway — Grocery Store · 29834 N Cave Creek Rd, Cave Creek

    Safeway

    4.3637

    Grocery Store · 29834 N Cave Creek Rd, Cave Creek

  • Fry's — Grocery Store · 4815 E Carefree Hwy Ste 100, Cave Creek

    Fry's

    4.2312

    Grocery Store · 4815 E Carefree Hwy Ste 100, Cave Creek

  • Bashas' — Grocery Store · 36889 N Tom Darlington Dr, Carefree

    Bashas'

    4.4481

    Grocery Store · 36889 N Tom Darlington Dr, Carefree

Powered by Google · Ratings as of August 2026

Where it sits

The shape of 85331.

  1. 01

    Cave Creek was founded in 1870 as a mining and ranching settlement and served as a stop for the U.S. Cavalry.

  2. 02

    Spur Cross Ranch Conservation Area, at 44000 N Spur Cross Road, Cave Creek, AZ 85331, encompasses 2,154 acres and is operated and maintained by Maricopa County Parks and Recreation.

  3. 03

    Cave Creek Regional Park, at 37019 N Lava Lane, Cave Creek, AZ 85331, covers 2,922 acres, was dedicated on October 31, 1992, and ranges in elevation from 2,000 to 3,060 feet.

  4. 04

    The Cave Creek Museum is located at 6140 E Skyline Drive, Cave Creek, AZ 85331.

  5. 05

    Cave Creek Unified School District No. 93 serves Cave Creek and Carefree along with northern Scottsdale and part of eastern Phoenix, operating Cactus Shadows High School, Sonoran Trails Middle School, and three elementary schools.

  6. 06

    Residents of Cave Creek voted to incorporate as a town on July 6, 1986, 116 years after the settlement was founded in 1870.

  7. 07

    The Cave Creek Service Station at 6141 E Cave Creek Road, Cave Creek, AZ 85331 was built in Phoenix around 1936 from prefabricated galvanized steel panels, moved to Cave Creek in 1952, and was listed on the National Register of Historic Places on September 22, 2000 under reference number 00001126.

  8. 08

    The Tubercular Cabin, built about 1920 as one of fourteen cabins of Cave Creek’s Desmont Sanatorium and moved to the grounds of the Cave Creek Museum, 6140 E Skyline Drive, Cave Creek, AZ 85331, was listed on the National Register of Historic Places on October 28, 2001 under reference number 01001172; the museum describes it as the only known remaining tubercular cabin in Arizona.

  9. 09

    Cave Creek Regional Park, at 37019 N Lava Lane, Cave Creek, AZ 85331, contains more than 15 miles of hiking, mountain-biking and equestrian trails ranging from 0.2 to 5.8 miles, the longest being the 5.8-mile Go John Trail.

  10. 10

    Spur Cross Ranch Conservation Area, at 44000 N Spur Cross Road, Cave Creek, AZ 85331, contains nearly 90 recorded archaeological sites associated with the Hohokam, who occupied the area from roughly 700 to 1200 A.D., and was established through a 2001 partnership between the State of Arizona, Maricopa County and the Town of Cave Creek.

112.38 sq mi

Land Area

284 / sq mi

Density

Northeast

Position

Represented Here

3 closings in the Carefree / Cave Creek area · $2.68M represented · $515K – $1.47M · 2025–2026

Aerial map of ZIP code 85331, Carefree / Cave Creek, Maricopa County, Arizona, showing highways, place names and the ZIP boundary
Aerial map of ZIP code 85331, Carefree / Cave Creek, Maricopa County, Arizona — aerial imagery with highways and place names from the USGS National Map, boundary from the U.S. Census Bureau ZIP Code Tabulation Area. Yong Choi, Russ Lyon Sotheby’s International Realty.

Your Realtor in Carefree / Cave Creek

Buying or selling in 85331?

Yong Choi is a Global Real Estate Advisor with Russ Lyon Sotheby’s International Realty, representing buyers and sellers across Carefree / Cave Creek. Get a pricing opinion, a private tour, or first word on homes before they hit the portals.

Yong Choi is a Global Real Estate Advisor with Russ Lyon Sotheby's International Realty serving ZIP 85331 (Carefree / Cave Creek), representing buyers and sellers in Dove Valley Ranch, Rancho Mañana, and 1 more.

Frequently Asked

Questions about 85331.

Which communities are in 85331?
ZIP code 85331 includes Dove Valley Ranch, Rancho Mañana, and Tatum Ranch.
How active is the 85331 market?
ZIP code 85331 currently has 182 active listings, priced from $289K to $10.50M.
How much do homes cost in 85331?
The median home in ZIP code 85331 sold for $850,000 across 624 closed sales in the twelve months to August 2026. This is what buyers actually paid, not asking prices.
Is 85331 expensive?
Relative to the metro, yes. The median sale in ZIP code 85331 was $850,000, about 1.8x the $465,000 median across the 66,976 Phoenix-area sales in this dataset.
Is 85331 a buyer's or seller's market?
Homes in ZIP code 85331 closed at a median of 97.8% of their asking price and took 72 days to sell, against 98.8% and 73 days across the metro. That is close to the metro balance. Conditions move month to month, so read this as the trailing year rather than as today's market.
What is the price per square foot in 85331?
Homes in ZIP code 85331 sold for a median of $353 per square foot over the twelve months to August 2026.
How long do homes take to sell in 85331?
Half of the homes that sold in ZIP code 85331 were under contract within 72 days of listing — about typical for the Phoenix market. Measured from listing date to closing across 624 closed sales.
How much have home values in 85331 changed over five years?
The median sale price in ZIP code 85331 has risen 30.8% over five years, from $650,000 to $850,000. Both figures are medians of closed sales, five years apart.
What does it cost to rent in 85331?
The median lease in ZIP code 85331 closed at $2,998 a month across 142 leases in the twelve months to August 2026, about $1.53 per square foot.
Are there condos or townhomes in 85331?
ZIP code 85331 is almost entirely detached houses — 93% of what sold. Buyers looking for a condo or townhome here will find very little to choose from.
Do homes in 85331 have pools?
59% of the homes that sold in ZIP code 85331 had a pool.
Do homes in 85331 have HOAs?
Most are in one. 75% of homes sold in ZIP code 85331 reported an HOA. Where there is one, the median fee reported at closing was $170.
What is the typical lot size in 85331?
The median lot in ZIP code 85331 is 0.25 acres, about 10,890 square feet.
How old are the homes in 85331?
The median home sold in ZIP code 85331 was built in 1999, making it about 27 years old.
How much do home prices vary within 85331?
Considerably. Across the neighborhoods in ZIP code 85331 with enough sales to measure, median prices run from roughly $270K to $1.5M, a spread of about 6x. A single ZIP-wide median is a starting point rather than a guide to any particular street, so it is worth looking at comparable sales close to the address you are considering.
What city is 85331 in?
Every home sold in ZIP code 85331 over the past year carried a Cave Creek address. Note that a mailing address is not the same as a city limit — check the parcel itself for jurisdiction, taxes and services.
What school district serves 85331?
Cave Creek Unified District serves most of ZIP code 85331 — it is the district listed on 98% of homes sold over the past year. The high school most often listed is Cactus Shadows High School. District boundaries do not follow ZIP boundaries, so confirm the assignment for a specific address before relying on it.
Is 85331 served by APS or SRP?
APS. Arizona Public Service's certificated service territory covers effectively all of ZIP code 85331. Service territory follows historical boundaries rather than ZIP codes, so check the address.
Is any part of 85331 in a flood zone?
Parts of it are, which is true of most of the Phoenix valley — the desert washes that carry monsoon runoff are mapped as high-hazard even where they cross otherwise dry ground. ZIP code 85331 contains FEMA zones A, AE, AE (Floodway), D. That says nothing about any particular house: most homes in these ZIPs sit outside the mapped areas. A lender will require flood insurance only if the property itself is inside one, so the check that matters is on the address, not the ZIP.
What ZIP codes border 85331?
ZIP code 85331 borders 85024, 85050, 85086, 85255, 85262, 85266, and 85377.

Nearby ZIP codes