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Falls Creek is located at ~Mile Post 105.6 on the Seward Highway.
In relation to other trails:
To the West: Rainbow Trailhead (https://www.yelp.com/biz/rainbow-trailhead-anchorage)
To the East: Indian Valley Trailhead (https://www.yelp.com/biz/indian-valley-trail-anchorage)
Stats:
Mileage: 2.7 (one-way)
Gain: 2,900 ft
About a 1,000 ft/mile, steep but not *too* steep.
The trail starts out…next to a falls! It closely follows Falls Creek for the first half of its length. As the water is loud and the brush is thick, I'd highly recommend doing some trail karaoke with your friends to make sure you alert any bears in the area that you're coming.
Eventually, you get out of the brush and the valley expands.
It's gorgeous. It's wide and it's bright-freakin'-green (my favorite shade of that color), or at least it was in mid-June. This is going to sound odd but, it actually reminded me of some of the valleys I hiked in Hawaii! It made me a little butthurt that I am only just-now getting around to hiking the trail.
The trail ends at a lake. I'm not sure what the name of it is, so I'll just call it "Falls Lake". The lake frequently has snow on/in/around it, up until July. But, there is an ample amount of vegetated, snow-free flat area around the lake, this would be a perfect "Baby's First Backpacking" trip. (no permits required, just load yourself down and hike up)
You can continue up past the lake, onto the ridge between South Suicide Peak and Indianhouse Mountain. The path will quickly change from "hiking" to "scrambling" though. I'd only recommend going up South Suicide if you are confident on your feet, and I'd only recommend going up Indianhouse if you have a rope and a partner!
If you're quick enough, this can be done as an after-work hike. If you're slow or looking for a casual stroll, you can easily make a day of this hike.
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The incline of the trail is pretty steep, so I suggest a walking stick if you plan on actually hiking it. It's a full days hike to go up and back if you go at a casual pace. Bear spray, water and snacks are a MUST! There are definitely animals on this trails. In addition to bears, you may encounter moose, dall sheep, and other smaller furries.
Bring a camera, this is a great hike!