Cave Creek and Carefree are often thought of as a single community. Slightly larger than Carefree, Cave Creek consists of approximately 30 square miles. Cave Creek is popular with tourists – it has saloons from the 1930s, western stores, and cowboy cookouts. The Wild West is still alive in this small town. The median home value in Cave Creek is $530,000. Real estate appreciates in this sought-after location as demand is consistently strong. Cave Creek truly offers that small-town feel with all the advantages of the city just a short drive away.