Falls of Neuse is a neighborhood of 11,092 people in Raleigh. Owners hold 38% of the housing stock. 57% of adults hold a bachelor's degree, against 36% nationally. Density works out to 2,814 people per square mile. Median home value sits at $495,912. Poverty is uncommon here, at 7.1% of locals. These figures are approximated by combining the 2 census tracts that make up Falls of Neuse; the Census Bureau does not tabulate data for neighborhoods directly.
At a glance
Lower income
below the US median
US median: $82,259
Mid-age
median age 37.7
US median: 38.9
More educated
57% hold a bachelor's degree
US average: 36%
Renter-heavy
38% owner-occupied
US average: 65%
Section 01
Population & growth
Total population
11,092
Population density
2,814 / sq mi
US average: 281
Median age
37.7
US average: 38.9
Land area
3.94 sq mi
Section 02
Income & economy
Median household income
$75,819
US average: $82,259
Per capita income
$62,664
US average: $44,673
Households earning $100K+
54.4%
US average: 53.3%
Poverty rate
7.1%
US average: 12.5%
Income inequality (Gini)
0.442
US average: 0.476
Workforce by industry, 2024
Wholesale trade17.7%
US avg: 6.9%
Other services12.7%
US avg: 6.7%
Public administration10%
US avg: 4.8%
Information7.1%
US avg: 10.8%
Retail trade5.7%
US avg: 9.9%
Finance & insurance5.3%
US avg: 5.9%
Professional, scientific, technical3.2%
US avg: 5.1%
Transportation & warehousing3%
US avg: 2.2%
Education & health services2.2%
US avg: 0.9%
Arts, entertainment, food1.1%
US avg: 1.9%
Agriculture, forestry, fishing0.1%
US avg: 1.6%
Construction0.1%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Section 03
Housing
Median home value
$495,912
US average: $376,019
Median gross rent
$1,571
US average: $1,442
Owner-occupied
37.9%
62.1% rent
Vacancy rate
14.2%
US average: 10.0%
Persons per household
1.81 people
US average: 2.54
Owner cost-burdened
12.3%
US average: 22.9%
Renter cost-burdened
61.2%
US average: 47.4%
Afford Score
6.5
Years of local income it takes to buy a local home, on a scale of about 0 to 15. Lower is more affordable.
Section 04
Race & ethnicity
2024
White, non-Hispanic57.5%(6,383)
Black13.5%(1,499)
Hispanic / Latino22.3%(2,471)
Asian1.1%(119)
Other5.6%(620)
2024
White, non-Hispanic57.5%(6,383)
Black13.5%(1,499)
Hispanic / Latino22.3%(2,471)
Asian1.1%(119)
Other5.6%(620)
Diversity Score
75
Our index, 0 to 100. Higher means a more even mix of racial and ethnic groups.
How many people live in Falls of Neuse, Raleigh, North Carolina?
Falls of Neuse, Raleigh, North Carolina has about 11,092 residents according to the 2024 American Community Survey.
What is the median household income in Falls of Neuse, Raleigh, North Carolina?
The typical household in Falls of Neuse, Raleigh, North Carolina earns about $75,819 a year. Half of households make more than that, and half make less.
Is Falls of Neuse, Raleigh, North Carolina expensive?
In Falls of Neuse, Raleigh, North Carolina, the median home is worth about $495,912, and the typical rent is about $1,571 a month.
How educated are people in Falls of Neuse, Raleigh, North Carolina?
About 56.7% of adults age 25 and over in Falls of Neuse, Raleigh, North Carolina hold a bachelor's degree or higher.
What is the poverty rate in Falls of Neuse, Raleigh, North Carolina?
About 7.1% of people in Falls of Neuse, Raleigh, North Carolina live below the federal poverty line.
