Gretchen Coley
Compass -- Raleigh
(984) 459-7838
1,030 Total Sales
28 in Falls Lake
$380K - $2.7M Price Range
Falls Lake
Suburban Neighborhood in Wake Forest, North Carolina
Wake County 27522, 27587, 27614
With a variety of home options and nearby access to state parks, waterfront recreation, and a central location great for commuting, Falls Lake is perfect for any homebuyer looking to split their time between the office and the outdoors.
Instead of a larger cohesive neighborhood, the area is made up of many dozens of subdivisions and smaller communities like Stony Hill and Wakefield. Properties around Falls Lake tend to be listed higher than homes in the greater Raleigh area, with prices increasing closer to the lake, but the large area offers a wide array of styles and prices. Homes range anywhere from the mid-$200,000s for townhomes, to well into the multimillions for sprawling custom estates. Styles include New Traditional, Millennium, and classic ranch homes.
Falls Lake was named for its location at the falls of the Neuse River. Dammed by the Army Corps of Engineers in 1981, it now serves as flood protection and a reservoir, supplying water to the nearby counties. Along the shores of the lake, you’ll find the Lake Falls State Recreation Area, a North Carolina state park that encompasses more than 5,000 acres of the surrounding wilderness. Enjoy more than 25 miles of hiking trails across the park, as well as an additional 14 miles of mountain biking trails and more than 300 campsites. Visitors can also spend a day on the water, with boat launches and swimming beaches available across the lake. With more than 12,000 acres of calm surface and 175 miles of shoreline, Falls Lake is perfect for boating and fishing, with a variety of native species that call the peaceful waters home.
The trails within the park contain a section of the Mountains-to-Sea Trail, a massive trail system that stretches for more than 1,000 miles across North Carolina. True to its name, this state-sponsored trail connects the mountains of western North Carolina to the Outer Banks on the coast. Even more trail sections are under construction or planned for future development.
Students in Falls Lake attend Wake County public schools, like nearby Brassfield Elementary or Wakefield Elementary, Middle and High schools, the latter of which both earned an A- overall score on Niche. At Wakefield High, students can start their weekend with Saturday Academy, a tutoring session with both teachers and other students offering help to prepare for classes or upcoming standardized tests like the ACT.
The neighborhood sits between the nearby cities of Wake Forest and Durham, making for easy access to shopping, dining, groceries and other amenities. Grab a bite to eat in nearby downtown Wake Forest, offering a quaint small-town vibe, and pop by White Street Brewing or Bodega Tapas, Wine and Rum, both on White Street.
With its proximity to both Durham and Raleigh, Falls Lake sits just outside Research Triangle Park, the renowned research and business hub that serves as a major economic driver for the surrounding area. Both cities are points in the Triangle, with the last one being Chapel Hill. Each city hosts a major research university, which gives the area its moniker. Residents looking to commute into Raleigh are looking at a roughly 20-mile drive straight south, with roadways like State Highway 50 making for a direct route into downtown.
Written By
Quinn Lilly
Photography Contributed By
Bob Fortner
Video By
Jonathan Bradley
Was this overview helpful?
Agents Specializing in this Area
-
Gretchen Coley
-
Phil Slezak
Phil Slezak
LPT Realty
(984) 205-4974
37 Total Sales
1 in Falls Lake
$572,947 Price
-
Azita Wilson
Azita Wilson
Keller Williams Legacy
(984) 477-1827
64 Total Sales
1 in Falls Lake
$350,000 Price
-
Scott Korbin
Scott Korbin
Compass -- Cary
(833) 591-1589
112 Total Sales
3 in Falls Lake
$340K - $476K Price Range
-
Nanette Lehr
Nanette Lehr
Flex Realty
(833) 987-5805
56 Total Sales
2 in Falls Lake
$416K - $460K Price Range
-
Taralyn Farrell
Taralyn Farrell
Coldwell Banker Advantage
(866) 515-6914
127 Total Sales
1 in Falls Lake
$292,000 Price
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
- 9th to 12th
- Public
- 6th to 8th
- Public
- Pre-K to 5th
- Public
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Parks in this Area
Murfield Park
North Wake Landfill District Park
Falls Dam Playground
Green Hills County Park
Dunberry Park
Plummer Park
- Picnic Area
- Trails
- Playground
Cokesbury Park
Oakboro Park
Bedford Falls Bailey Park
Transit
Crime and Safety
| 1 - Low Crime, 10 - High Crime | Falls Lake | US |
|---|---|---|
| Homicide | 2 | 4 |
| Sexual Assault | 3 | 4 |
| Assault with Weapon | 2 | 4 |
| Robbery | 1 | 4 |
| Burglary | 3 | 4 |
| Motor Vehicle Theft | 2 | 4 |
| Larceny | 3 | 4 |
| Crime Score | 3 | 4 |
Source: WhatIsMyCrimeRisk.com
Falls Lake Demographics and Home Trends
On average, homes in Falls Lake, Wake Forest sell after 49 days on the market compared to the national average of 49 days. The median sale price for homes in Falls Lake, Wake Forest over the last 12 months is $836,250, up 4% from the median home sale price over the previous 12 months.
Housing Trends
Median List Price
$895,000
Median Sale Price
$836,250
Median Single Family Sale Price
$880,000
Median Townhouse Sale Price
$560,000
Median 2 Bedroom Sale Price
$325,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
1,152
Median Home Sale Price YoY Change
4%
Average Price Per Sq Ft
$274
Neighborhood Facts
Number of Homes in Neighborhood
12,393
Number of Homes for Sale
165
Median Year Built
2001
Months of Supply
1.70
Average Single Family Home Size Sq Ft
3,960
Significantly above the national average
1,933
Average Townhouse Size Sq Ft
2,227
Average 2 Bedroom Size Sq Ft
1,190
Median Lot Size Sq Ft
36,154
Open Houses
-
Saturday, Jun 211 - 4pm
-
Saturday, Jun 2112 - 3pm
-
Saturday, Jun 211 - 4pm
Distribution of Home Values
Homes for Sale
Homes for Rent
-
$1,440 - $2,114 per month
- Madison Wakefield
- 1-2 Beds
- 1-2 Baths
- 738+ Sq Ft
- 11100 Madison Elm Ln
- Raleigh, NC
-
-
$1,115 - $3,121 per month
- Legacy at Wakefield Apartments
- 1-3 Beds
- 1-2 Baths
- 610+ Sq Ft
- 14411 Callaway Gap Rd
- Raleigh, NC
Interested in learning more about homes in this area? Reach out to , an experienced agent in this neighborhood.
Average Home Value
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
42,495
Median Age
46
Population Density
1 person/acre
Population under 18
22.7%
On par with the national average
23.8%
Population over 65
19.9%
On par with the national average
19.1%
Finances
Median Household Income
$145,060
Significantly above the national average
$71,702
Average Household Income
$165,568
Education and Workforce
High School Graduates
95.4%
College Graduates
60.4%
Significantly above the national average
34.1%
Advanced Degrees
24.2%
Above the national average
13.3%
% Population in Labor Force
69.4%
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®
26
/ 100
Car-Dependent
Walk Score®
0
/ 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
Stonebridge
A private wooded, suburban subdivision with built-in amenities and nearby shopping
Bedford at Falls River
Master-planned community in North Raleigh near retail, schools and commuter routes
Wildwood Green
Idyllic golfing community with country club amenities
Greystone
Sixteen neighborhoods surrounded by nature and defined by a sense of community
Stonehenge
A large suburban neighborhood close to amenities in northwest Raleigh and beyond
Stonehenge East
Established North Raleigh suburb in a central location
Reviews
Are you familiar with the Falls Lake neighborhood? to let others know what life in this neighborhood is like.
Was this page helpful?
