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TownhouseResidential
$407,183$216 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 94How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jun 23, 2026
Last sold for $206,000 on Aug 7, 2015

3118 RAPID FALLS RD

CARY, NC 27519
3
Baths
1,886 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
1,742 ft²
Lot SizeThe size of the land the home sits on, from county records.
2007
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.

Valuation

$407K
$383K low$432K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$206,000 · Aug 7, 2015
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$407,183
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$325,746

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$3,400 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$394,303 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$90,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$304,303
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$394,303
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$394,303

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.11
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
12
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
45
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Townhouse
StyleThe architectural style of the home, such as ranch or colonial.Townhouse
CountyWake
Lot (acres)The size of the land the home sits on, from county records.0.04
HeatingThe type of heating system in the home.Central
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 181 ft²

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Cedar Fork Elementary SchoolA
Elementary · Grades PK–5 · 0.6 mi
H
Panther Creek High SchoolA+
High · Grades 9–12 · 2.2 mi
M
West Cary Middle SchoolA+
Middle · Grades 6–8 · 3.8 mi

District: Wake County Schools

Neighborhood · ZIP 27519These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.12
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.41

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.95%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.40%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.3.6%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.2%
PopulationHow many people live in this area.65,193
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,847 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$150,916
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$176,855
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.No

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

3118 Rapid Falls Rd measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 93% of homes in Cary 27519
  • Costs less per square foot than 87% of homes in Cary 27519
  • Smaller than 82% of homes in Cary 27519
  • Has a smaller lot than 97% of homes in Cary 27519
  • Newer than 67% of homes in Wake County

What homes are worth in Cary 27519

Each bar is how many homes fall in that price range. The marker is this home.

This home
$346K$1.5M

This home is worth more than 7% of homes in Cary 27519.

How it measures up in Cary 27519

The dot is this home. The mark in the middle is the typical home in Cary 27519.

Estimated value$407,183
CheaperTypical $695,274Pricier

Pricier than 7% of homes nearby

Price per ft²$216
CheaperTypical $260Pricier

Pricier than 13% of homes nearby

Living area1,886 ft²
SmallerTypical 2,660 ft²Bigger

Bigger than 18% of homes nearby

Lot size1,742 ft²
SmallerTypical 0.18 acBigger

Bigger than 3% of homes nearby

Year built2007
OlderTypical 2009Newer

Newer than 44% of homes nearby

How 3118 Rapid Falls Rd ranks against every home in each area.
MeasureThis homeCary 27519Wake County
Estimated valuepricier than$407,1837% of homes37% of homes
Price per ft²pricier than$21613% of homes39% of homes
Living areabigger than1,886 ft²18% of homes40% of homes
Lot sizebigger than1,742 ft²3% of homes5% of homes
Year builtnewer than200744% of homes67% of homes

About 3118 Rapid Falls Rd

How much is 3118 Rapid Falls Rd, Cary, NC worth?

The TopHap Estimate for 3118 Rapid Falls Rd, Cary, NC is $407,183 as of Jun 23, 2026. The likely range is $382,752 to $431,613. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 3118 Rapid Falls Rd, Cary, NC last sell?

3118 Rapid Falls Rd, Cary, NC last sold on Aug 7, 2015 for $206,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 3118 Rapid Falls Rd, Cary, NC?

3118 Rapid Falls Rd, Cary, NC has 3 bathrooms, 1,886 square feet of living space and a 0.04-acre lot.

When was 3118 Rapid Falls Rd, Cary, NC built?

3118 Rapid Falls Rd, Cary, NC was built in 2007, making it 19 years old. It is a townhouse home. The building has 2 stories.

What schools serve 3118 Rapid Falls Rd, Cary, NC?

3118 Rapid Falls Rd, Cary, NC is assigned to Cedar Fork Elementary School (elementary), rated A; Panther Creek High School (high), rated A+; West Cary Middle School (middle), rated A+. All sit in Wake County Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 3118 Rapid Falls Rd, Cary, NC compare to other homes in Cary 27519?

Among the 21,282 homes in Cary 27519, it is worth more than 7% of them ($407,183 against a typical $695,274), its price per square foot is higher than 13% of them ($216 against a typical $260), it is bigger than 18% of them (1,886 ft² against a typical 2,660 ft²), its lot is bigger than 3% of them (1,742 ft² against a typical 0.18 ac) and it is newer than 44% of them (2007 against a typical 2009). Measured against all of Wake County, it is worth more than 37% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 3118 Rapid Falls Rd, Cary, NC?

The 2025 property tax bill for 3118 Rapid Falls Rd, Cary, NC was $3,400. The county assessed it at $394,303.

Closest homes

More homes in Cary 27519

Assigned schools

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