Falls River, Raleigh NC: Neighborhood Guide and Homes for Sale

Caul Group Residential, brokered by eXp Realty

Falls River is a North Raleigh neighborhood off Durant Road and Falls River Avenue. Wake County records show about 915 homes on Falls River plats, 828 detached homes and 87 townhomes, built from 1996 to 2005, with a median of about 2,223 heated square feet. The 43 recorded sales from October 2025 through September 2026 had a median of $520,000, and $540,000 for detached homes.

Here is where Falls River is, what is in it, what the homes are like, recent sale prices, the HOA and the school assignment picture.

Where Falls River is

Falls River is inside the City of Raleigh, in the 27614 ZIP code (Wake County property records). The figures here use plats named Falls River; Bedford at Falls River and other separately named sections nearby are not included.

Road distances from the Greenway Club at 1300 Falls River Avenue (OpenStreetMap routing, October 2026):

  • Triangle Town Center: 5.2 miles
  • North Hills: 7.8 miles
  • Wake Forest Town Hall: 8.7 miles
  • NC State Capitol, downtown Raleigh: 12.6 miles
  • RDU Airport: 14.6 miles
  • Research Triangle Park: 18.5 miles

A short history

Wake County records show the first Falls River homes in 1996. 514 were built in the 1990s and 401 from 2000 to 2005, and the Greenway Club building dates to 1997 (Wake County property records).

What is in Falls River

The Greenway Club at Falls River, at 1300 Falls River Avenue, is a private swim and tennis club. Membership is open to all Wake County residents, and living in Falls River is not required. It has (The Greenway Club):

  • A competition-sized lap pool and a beach-entry pool with a figure-eight water slide, open May to September.
  • Two tennis courts with year-round member access, and pickleball courts.
  • A swim team in the Tarheel Swimming Association.

County records also show shopping centers, offices and apartments on Falls River Avenue, Durant Road and Raven Ridge Road inside the Falls River plats (Wake County property records).

Homes in Falls River

Across the 915 homes (Wake County property records, October 2026):

  • Year built: 1997 at the 10th percentile, 1999 median, 2001 at the 90th percentile
  • Heated area: 1,518 square feet at the 10th percentile, 2,223 median, 2,999 at the 90th percentile
  • Lot size: 0.23 acres median for all homes, 0.24 acres for detached homes

The 87 townhomes have a median of about 1,650 heated square feet (Wake County property records).

Recent sale prices

Wake County records show 43 recorded sales from October 2025 through September 2026. The median was $520,000, the middle 80% ranged from about $365,000 to $650,000, and the range ran from $320,000 to $730,000. The 38 detached home sales had a median of $540,000. All 43 were resales (Wake County property records).

HOA

County records show common areas owned by the Falls River Community Association, managed by Towne Properties, and a separate Falls River Townhome Association for townhome sections (Wake County property records; Falls River Community Association). Ask for the dues, any special assessments and the resale fees for a specific home on the NC Residential Property and Owners' Association Disclosure Statement.

The Falls River market right now

For the 27614 ZIP code, which covers this part of North Raleigh, Redfin reports for the three months ending September 2026:

  • Median sale price: $657,171, up 8.4% year over year
  • Median days on market: 38, compared with 35 a year earlier
  • Homes sold in September: 140, compared with 146 a year earlier
  • Sale-to-list price: 98.6%
  • Homes sold above list price: 21.2%
  • Homes with a price drop: 40.1%

What it means: the 27614 median was up about 8% from a year ago, and about one in five homes sold above list price. Falls River sold below the ZIP median, and with a 98.6% sale-to-list ratio in the ZIP, pricing close to recent Falls River sales matters.

Assigned schools

The Wake County Public School System assigns by address. For 2026-27, all 60 sampled Falls River addresses were zoned for Abbotts Creek Elementary. Middle and high school are split: 36 were zoned for Wakefield Middle and Wakefield High, and 24 for East Millbrook Middle and Millbrook High (WCPSS). Abbotts Creek Elementary was listed as capped, with Fox Road Elementary as the overflow school. See what a capped school means, and check a specific address with the WCPSS address lookup tool.

Things to do nearby

  • The Greenway Club pool and tennis, inside Falls River.
  • Shops and restaurants on Falls River Avenue and Durant Road.
  • Triangle Town Center, about 5.2 miles away.
  • North Hills, about 7.8 miles away.

Buying in Falls River: what to check

  • Roof, HVAC and window age on a home built around 1999.
  • Detached home or townhome, and which association applies.
  • Greenway Club membership, which is separate from the HOA.
  • School assignment and capping by exact address.
  • Road noise and traffic for homes near Durant Road.

See our buyer services page for how we help buyers.

Selling in Falls River: what buyers ask about

  • Updates and the age of major systems.
  • Recent comparable Falls River sales.
  • HOA dues and the Greenway Club.
  • School assignment and the capped elementary school.
  • Drive times to RDU and RTP.

See how we sell homes, or start with a home value estimate.

Falls River FAQs

Where is Falls River?

Falls River is in North Raleigh, ZIP 27614, off Durant Road and Falls River Avenue, about 5.2 miles by road from Triangle Town Center.

How many homes are in Falls River?

Wake County records show about 915 homes on Falls River plats, 828 detached homes and 87 townhomes, built from 1996 to 2005.

What do homes in Falls River cost?

Wake County records show 43 sales from October 2025 through September 2026, with a median of $520,000 and a range of $320,000 to $730,000.

Is the Greenway Club part of the Falls River HOA?

No. The Greenway Club is a private swim and tennis club open to all Wake County residents, and living in Falls River is not required.

Is there an HOA in Falls River?

Yes. The Falls River Community Association owns the common areas, and townhome sections also have a townhome association.

Which schools serve Falls River?

For 2026-27, all 60 sampled addresses were zoned for Abbotts Creek Elementary, which is capped. Middle and high school are split between Wakefield and Millbrook. Confirm any address with the WCPSS address lookup.

How far is Falls River from RDU Airport?

About 14.6 miles by road from the Greenway Club.

Thinking of selling in Falls River?

Falls River homes are resales built in the late 1990s and early 2000s, so updates and condition drive price as much as size. We price from recent Falls River sales of similar homes.

Caul Group Residential is the #1 Resale Team in the Triangle. Our office is at 201 Shannon Oaks Circle, Suite 200, Cary, NC 27511. RealTrends Verified 2026 (based on 2025 sales) ranks our team, "Caul Team," #1 in Raleigh by sides and by volume. See the RealTrends profile. We have 5.0 stars on Zillow from 1,200+ reviews (Oct 2026). Read the reviews.

More on the area: Raleigh, Wakefield, North Hills, Wake Forest and our Raleigh agents.