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Falls River

Falls River

$598,787 Average Value
$225 Average Price per Sq Ft
49 Homes For Sale

Falls River was made for almost every budget

When some people move to Raleigh, they want to be close to the downtown scene but in a quiet residential area. Falls River is just that: a community designed for anyone needing a small townhouse or a grand estate, while being 30 minutes from jobs in downtown Raleigh. The area "is a planned, urban development, so it really targets all different buyers,” says Sue Greer, Realtor and team lead of the Sue Greer Team with Allen Tate. “You’ve got townhouses, and you’ve got Charleston-style homes. And you even have a section called the Estates. In the middle of the neighborhood, there are some shops and a wonderful pool with a full-time activity director and lots of activities for all ages. It’s a complete lifestyle community. The theme of it was based on the movie 'It’s a Wonderful Life.' There’s even a town square surrounded by townhouses where they’ll do different activities for the kids, like at Halloween. It hits a lot of needs.”

Falls River is a neighborhood in North Raleigh.
Falls River is a neighborhood in North Raleigh.
The theme of Falls River is based on
The theme of Falls River is based on "It's a Wonderful Life".
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Townhouses, single-family homes and large estates

Construction started here around 2000, and there are sections of townhouses and detached single-family homes with bungalow or Charleston-style designs. “Basically, you can go from a small townhouse to a larger one,” Greer says. “You could go from a small cottage house to an estate-type home. So, the real estate there targets a multitude of needs.” Townhouses range from $300,000 to $500,000, while detached single-family homes can sell for $500,000 to $900,000. Large Craftsmans in a section called Bedford Estates have at least four bedrooms and can sell for over $1 million due to their size.

On average, homes sell within 28 days on the market, while the national average is 44. “I had an estate home on the market, and the amount of showings and offers was incredible,” Greer says. “It would have sold in five minutes, but I cut off the showings after a day and a half. One of my agents also had one in a different section, and the same thing happened. There’s never a lot for sale, but people want to be there.”

Townhomes in Falls River start around  $300,000.
Townhomes in Falls River start around $300,000.
Homes in Falls River community stay on the market an average of 17 days.
Homes in Falls River community stay on the market an average of 17 days.
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Driving to downtown Raleigh and nearby destinations

Sidewalks line most residential streets, and tall trees shade the walkways and modest yards. The nearest bus stops are along Raven Ridge Road near the Falls River Town Center, so most residents rely on their cars to get around. Downtown Raleigh is about 15 miles south. Falls of Neuse Road, the area's main route, leads to destinations like WakeMed North Hospital. The road also connects to Interstate 540, which drivers use to reach Raleigh-Durham International Airport.

Downtown Raleigh is about a 30-minute drive from Falls River.
Downtown Raleigh is about a 30-minute drive from Falls River.
WakeMed North Hospital is just down the road from Falls River neighborhood.
WakeMed North Hospital is just down the road from Falls River neighborhood.
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Students attend highly rated schools

Students may attend Abbotts Creek Elementary, which earns an A from Niche. Abbotts Creek has an enrollment cap, so when the maximum attendance is met, enrollment flows to the B-rated Fox Road Elementary. Wakefield Middle School receives an A-minus. Wakefield High School gets a B-plus and offers the Career & College Promise program that allows students to take courses through Wake Tech Community College. Falls River is about 30 minutes from the A-rated North Carolina State University.

Abbott's Creek Elementary School serves students in the Falls River community.
Abbott's Creek Elementary School serves students in the Falls River community.
Wakefield High School serves students  in Falls River.
Wakefield High School serves students in Falls River.
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Community parks and a popular recreation center

The community has three playground parks: Bailey Park, Pottersville Park and Jellystone Park. When residents want to cool off when summer weather reaches into the 90s, they head to the recreation center. The center’s community pool is near the volleyball and tennis courts and playground. Hikers and bikers can park at the lot off Falls River Avenue or Bedfordtown Drive before hitting the 28-mile Neuse River Greenway trail.

Pottersville Park is located in the Falls River community in Raleigh, NC.
Pottersville Park is located in the Falls River community in Raleigh, NC.
The Falls River community's recreation center has a 3,500-square-foot clubhouse with swimming pool, tennis courts, volleyball courts and a playground.
The Falls River community's recreation center has a 3,500-square-foot clubhouse with swimming pool, tennis courts, volleyball courts and a playground.
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Shops and restaurants about 20 minutes away

“Lafayette Village and the Lifetime Fitness are five minutes away,” Greer says. “You can just as easily come into Raleigh or Wake Forest to dine. There are a lot of restaurants and places within a 15-to-20-minute radius.” The Shoppes at Bedford is a small center in the heart of the community, where residents can walk to North Raleigh Spa & Salon or Bedford Food & Drink. At Falls River Town Center, they can get groceries at Food Lion, order seafood at Nantucket Grill or find craft supplies at Oak City Fibers. North of the community, Wakefield Crossing also features a Food Lion and the Wakefield Tavern.

Lafayette Village is a five-minute drive from Falls River.
Lafayette Village is a five-minute drive from Falls River.
Most residents of Falls River shop for groceries at Food Lion at the Falls River Town Center.
Most residents of Falls River shop for groceries at Food Lion at the Falls River Town Center.
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Rylee Doyle
Written By
Rylee Doyle
Bryan Regan
Photography Contributed By
Bryan Regan
GL Moses
Video By
GL Moses

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Raleigh-Durham International

23 min drive

Bus

Durant Rd & Rio Wild Dr

Bus

Durant Rd & Capital Blvd

Bus

Durant Rd & Deponie Dr

Bus

Falls Of Neuse Rd & Raven Ridge Rd

Bus

Durant Rd & Leslieshire Dr

Bus

Durant Rd & Camp Durant Rd

Bus

Durant Rd & Deerland Grove Dr

Reviews

Are you familiar with the Falls River neighborhood? to let others know what life in this neighborhood is like.

Crime and Safety

1 - Low Crime, 10 - High Crime Falls River US
Homicide 2 4
Sexual Assault 3 4
Assault with Weapon 3 4
Robbery 3 4
Burglary 4 4
Motor Vehicle Theft 3 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Falls River Demographics and Home Trends

Housing Trends

Median List Price
$500,000
Median Sale Price
$518,500
Median Single Family Sale Price
$544,000
Median Townhouse Sale Price
$460,000
Median 2 Bedroom Sale Price
$275,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
215
Median Home Sale Price YoY Change
-7%
Average Price Per Sq Ft
$225

Neighborhood Facts

Number of Homes
4,247
Number of Homes for Sale
49
Median Year Built
2003
Months of Supply
2.70
Average Single Family Home Size Sq Ft
3,160
Significantly above the national average
1,927
Average Townhouse Size Sq Ft
2,126
Average 2 Bedroom Size Sq Ft
1,527
Average 1 Bedroom Size Sq Ft
962
Median Lot Size Sq Ft
11,325

Open Houses

  • Saturday, Dec 6
    1 - 3pm

    10817 Farmville Rd, Raleigh, NC 27614

    $335,000

    • 3 Beds
    • 2.5 Baths
    • 1,499 Sq Ft
    • 10817 Farmville Rd
    • New 1 day ago

    A perfect blend of community and countryside living — a true North Raleigh gem! Sitting on a desirable cul-de-sac, this 3BR/2.5BA home offers an open floor plan and a one-car garage. The welcoming eat-in kitchen features stainless steel appliances and a fabulous pantry. The primary suite includes a spacious walk-in closet, and the covered back porch is the perfect place to take in views of The

    Bailey Weaver eXp Realty, LLC - C

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  • Saturday, Dec 6
    2 - 4pm

    4405 All Points View Way, Raleigh, NC 27614

    $500,000

    • 4 Beds
    • 3.5 Baths
    • 2,017 Sq Ft
    • 4405 All Points View Way
    • New 28 days ago

    Welcome to this charming Craftsman-style home in Bedford at Falls River, one of North Raleigh's most coveted communities known for its tree-lined streets, walking trails, and vibrant neighborhood atmosphere.Enjoy every detail of this former model home — from the inviting wrap-around porch with views of the fountain and green space to the beautifully landscaped backyard oasis perfect for

    Rebekah Lindsey Real Broker, LLC - Carolina Collective Realty

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  • Sunday, Dec 7
    2:30 - 4:30pm

    2536 Gregmoor Ct, Raleigh, NC 27614

    $734,000

    • 5 Beds
    • 2.5 Baths
    • 3,162 Sq Ft
    • 2536 Gregmoor Ct

    Don't miss this beautiful cul-de-sac home located in the highly desirable Bedford! You'll find a VERY generous lot size and spacious home on an ideal tree-lined street with enhanced privacy being in the very end of the cul-de-sac. Park in the driveway and stroll up to the front porch and take a seat before entering into your 3,000+ sq foot home. Looking for an office? And a dining room? You've

    Manning Callan Costello Real Estate & Investm

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
13,523
Median Age
43
Population under 18
24.8%
On par with the national average
23.8%
Population over 65
17.3%
On par with the national average
19.1%

Finances

Median Household Income
$127,089
Significantly above the national average
$79,601
Average Household Income
$161,808

Education and Workforce

High School Graduates
98.6%
Above the national average
89%
College Graduates
63.2%
Significantly above the national average
34.1%
Advanced Degrees
21%
% Population in Labor Force
70.8%

Weather

Annual Precipitation
46''
Average Winter Low Temperature
32°F
Average Summer High Temperature
90°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®

33 / 100

Car-Dependent

Walk Score®

13 / 100

Minimal Transit

Transit Score®

16 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Falls River