Cave Creek real estate is located in North Scottsdale. This area is slightly north and west of Carefree, AZ and the two regions share many of the same amenities and recreational activities. Cave Creek is about 2,000 feet above sea level and residents will enjoy slightly cooler temperatures as a result.Cave Creek has slightly less than 2000 homes that vary greatly in price. You can find homes for more than $1 million and also others below the $300,000 mark. The median price at the moment for purchasing Cave Creek homes is $322,000. In 2006, the Census bureau estimated that the population of Cave Creek was about 5,000. The median income for a family living in Cave Creek is $75,000 and the median age is 45 years old.