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.
Phillip Johnson
EXP Realty LLC
(984) 224-7192
49 Total Sales
3 in Falls Lake
$925K - $1.3M Price Range
Lindy Mauney
EXP Realty LLC
(984) 205-7303
72 Total Sales
2 in Falls Lake
$1.4M - $1.5M Price Range
Johnathan Howard
Berkshire Hathaway HomeService
(833) 359-7791
61 Total Sales
3 in Falls Lake
$273K - $1.1M Price Range
Kim Schweibinz
SRD INC.
(844) 955-2391
21 Total Sales
1 in Falls Lake
$300,000 Price
Holly Hayes
Nest Realty of the Triangle
(833) 579-2438
110 Total Sales
1 in Falls Lake
$725,000 Price
Elizabeth Cranfill
Insight Real Estate
(877) 960-3145
97 Total Sales
12 in Falls Lake
$1.2M - $2M Price Range
| 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 50 days on the market compared to the national average of 58 days. The median sale price for homes in Falls Lake, Wake Forest over the last 12 months is $840,000, consistent with the median home sale price over the previous 12 months.
|
Median List Price
$925,800
|
Median Sale Price
$840,000
|
|
Median Single Family Sale Price
$900,000
|
Median Townhouse Sale Price
$322,072
|
|
Median 2 Bedroom Sale Price
$285,000
|
Median Change From 1st List Price
3%
|
|
Last 12 months Home Sales
677
|
Median Home Sale Price YoY Change
0%
|
|
Average Price Per Sq Ft
$280
|
|
|
Number of Homes
15,538
|
Number of Homes for Sale
270
|
|
Median Year Built
2000
|
Months of Supply
4.80
|
|
Average Single Family Home Size Sq Ft
4,034
Significantly above the national average
1,933
|
Average Townhouse Size Sq Ft
2,202
|
|
Average 2 Bedroom Size Sq Ft
1,190
|
Median Lot Size Sq Ft
39,204
|
$1,200 - $2,550 per month
$1,216 - $4,459 per month
$1,269 - $1,798 per month
$1,495 - $2,543 per month
$990 - $2,043 per month
$1,334 - $3,541 per month
$1,314 - $2,175 per month
$1,092 - $1,766 per month
|
Number of Homes for Rent
16
|
Median Rent
$2,265
|
|
Median Single Family Home Rent
$2,300
|
Median 4 Bedroom Single Family Home Rent
$2,625
|
|
Median Townhouse Rent
$1,818
|
Median 3 Bedroom Townhouse Rent
$1,750
|
|
Total Population
55,303
|
Median Age
46
|
|
Population Density
1 person/acre
|
Population under 18
22.4%
On par with the national average
23.8%
|
|
Population over 65
20.6%
On par with the national average
19.1%
|
|
|
Median Household Income
$164,789
Significantly above the national average
$79,597
|
Average Household Income
$182,210
|
|
High School Graduates
96.1%
|
College Graduates
63%
Significantly above the national average
34.1%
|
|
Advanced Degrees
25.1%
Above the national average
13.3%
|
% Population in Labor Force
69.7%
|
|
Annual Precipitation
46''
|
Average Winter Low Temperature
32°F
|
|
Average Summer High Temperature
90°F
|
Annual Snowfall
0''
|
Bikeability
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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