[5] The Falls Village post office is assigned ZIP code 06031, which encompasses the entire town of Canaan.

The district represents about 70 acres (280,000 m2) that were built in the middle of the 19th century as a result of the area being selected as a station stop for the Housatonic Railroad in the early 1830s.

The historic district includes examples of Greek Revival, Italianate, and Queen Anne architecture.

[7] It includes 71 buildings and the canal built to harness water power from the Great Falls northwest of the village.

[8] Contributing properties in the historic district include the D. M. Hunt Library, built in 1891, and St. Patrick's Church.