ZIP Code · AZ

ZIP 85331

Part of Cave Creek, AZ

Pop. 31,968·Maricopa County·1st most expensive ZIP in Arizona

Median rent (all units)

$3,280/mo

Year-over-Year

Stable

Month-over-Month

+1.6%

vs US Median

+$1,332

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 85331 · $3,280

More expensive than 93% of US ZIP codes · National median $1,948/mo

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Medians by bedroom

Rent by unit size

Studio

$2,190

1 BR

$2,380

2 BR

$2,760

3 BR

$3,680

4 BR+

$4,080

Research median

$2,760/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: September 25, 2026

From the history

What the numbers show

What a typical income covers

30% of the median household income ($129,083) is $3,227 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,760); a 3-bedroom is $3,680.

From Zillow's monthly rent index (ZORI) for ZIP 85331. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$39,360/yr

At $3,280/mo median

Location

CityCave Creek

StateAZ

CountyMaricopa County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (0.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+0.0% YoY, +1.6% MoM), not inventory.

Demographics

Who lives here

ZIP 85331 (Cave Creek, AZ) is majority owner-occupied, has a large retiree population, has a median income above the national average, 54.5% of residents hold a bachelor's degree or higher.

Population

31,968

Median income

$129,083

Median age

52.5

Renters

7.4%

Age distribution

19%

24.7%

18.3%

26.2%

Under 1819%

18–3411.9%

35–5424.7%

55–6418.3%

65+26.2%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

88.1%

White88.1%

Hispanic7.8%

Asian2.1%

Other1.6%

Education (25+)

14.6%

29.2%

54.5%

No HS diploma1.7%

HS diploma14.6%

Some college29.2%

Bachelor's+54.5%

Housing tenure

92.6%

Owner92.6%

Renter7.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 85331 in Cave Creek, AZ has changed in 5 years

Income

$108,213 → $129,083

up 19.3%

Population

30,647 → 31,968

up 4.3%

Renter share

8.2% → 7.4%

-0.8 pts

Bachelor's+

55% → 54.5%

-0.5 pts

Median age

50.2 → 52.5

+2.3 yrs

Household income in the area moved from $108,213 to $129,083 across the same window, up 19.3% versus 2021. The population has grown by 4.3% since 2021, moving from about 30,647 residents to roughly 31,968.

Community

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Local insights

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About renting in ZIP 85331

Last updated: September 25, 2026

ZIP code 85331 covers Cave Creek, AZ. The median rent here is $3,280/mo as of September 2026. A 1-bedroom rents for a median of $2,380/mo. A 2-bedroom rents for a median of $2,760/mo.

At 30% of local median household income ($129,083/yr), ZIP 85331 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 85331?

To keep rent at or below 30% of gross income, you would need to earn at least $131,000/year (about $63/hour full-time) to afford the median rent of $3,280/mo in ZIP 85331. The local median household income is $129,083/yr, so the typical household falls short of that bar.