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-minus 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.
Alex Rivers
Imagination Homes LLC
(833) 702-4203
96 Total Sales
7 in Falls Lake
$420K - $2.5M Price Range
Nancy Briggs
Berkshire Hathaway HomeService
(833) 359-7987
105 Total Sales
1 in Falls Lake
$575,000 Price
Stacy Slone
Keller Williams Elite Realty
(888) 411-8902
217 Total Sales
2 in Falls Lake
$625K - $2.1M Price Range
Jackie Force
Real Broker, LLC
(984) 205-8871
75 Total Sales
3 in Falls Lake
$690K - $865K Price Range
Lori Walls
Howard Hanna Allen Tate Raleigh Falls of Neuse
(866) 936-9435
69 Total Sales
6 in Falls Lake
$325K - $1.1M Price Range
Nicholas Yarrington
Grow Local Realty, LLC
(910) 684-3156
482 Total Sales
1 in Falls Lake
$361,000 Price
| 1 - Low Crime, 10 - High Crime | Falls Lake | US |
|---|---|---|
| Homicide | 2 | 4 |
| Sexual Assault | 1 | 4 |
| Assault with Weapon | 2 | 4 |
| Robbery | 2 | 4 |
| Burglary | 3 | 4 |
| Motor Vehicle Theft | 3 | 4 |
| Larceny | 2 | 4 |
| Crime Score | 2 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Falls Lake, Wake Forest sell after 44 days on the market compared to the national average of 55 days. The median sale price for homes in Falls Lake, Wake Forest over the last 12 months is $832,500, down 2% from the median home sale price over the previous 12 months.
$1,100 - $2,450 per month
$1,299 - $2,704 per month
$1,090 - $3,400 per month
$1,080 - $1,912 per month
$1,284 - $1,617 per month
$1,155 - $5,598 per month
Bike Score®
Walk Score®
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
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